Tag Archives: parallel currency

The parallel payment system that Greece's government proposed in 2015 would have bolstered the eurozone. By contrast, the Italian government's planned "mini-Treasury bills" would lead to the single currency's demise. Sounds like the Italian plan is far superior.Project SyndicateFiscal Money Can Make or Break the Euro Yanis Varoufakis

Considering the modern state perhaps we should add that it also needs to have the right to create its own currency.... To many this will seem to exclude Eurozone countries as modern states. But in the video (below) Warren Mosler is surely correct when he suggests that any country unhappy with the Euro should not exit it at all but should simply introduce a parallel currrency (which is entirely legal), and which the national government would accept in taxes. New government spending in the...