• xmlui.mirage2.page-structure.header.title
    • français
    • English
  • Help
  • Login
  • Language 
    • Français
    • English
View Item 
  •   BIRD Home
  • IRISSO (UMR CNRS 7170)
  • IRISSO : Publications
  • View Item
  •   BIRD Home
  • IRISSO (UMR CNRS 7170)
  • IRISSO : Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesTypeThis CollectionBy Issue DateAuthorsTitlesType

My Account

LoginRegister

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors
Thumbnail

Tax-credit instruments as complementary currencies: a policy proposal for fighting the austerity while saving the euro zone

Coutrot, Thomas; Théret, Bruno (2021), Tax-credit instruments as complementary currencies: a policy proposal for fighting the austerity while saving the euro zone, International Journal of Community Currency Research, 1, p. 68-74. 10.15133/j.ijccr.2021.005

View/Open
EasyChair-Preprint-1528.pdf (211.9Kb)
Type
Article accepté pour publication ou publié
Date
2021
Journal name
International Journal of Community Currency Research
Number
1
Publisher
Research Association on Monetary Innovation and Complementary and Community Currency Systems (Ramics)
Pages
68-74
Publication identifier
10.15133/j.ijccr.2021.005
Metadata
Show full item record
Author(s)
Coutrot, Thomas
Théret, Bruno
Abstract (EN)
How should progressive governments respond to what seems an endless crisis of the eurozone? Most of the policy debate focuses on two equally bad options: either pursuing the current path in hope to “muddle through” or exiting the eurozone. This paper outlines an alternative strategy where the euro is preserved as the common currency used in everyday life but complemented by national means of payment, a type of quasi-money made up of low-denomination Treasury Bonds. Backed by future tax revenues, this means of payment would be called the euro-franc, euro-lire, euro-peseta, euro-escudo, etc. It would be kept at parity with the euro but its exchange into euros would be strictly limited and submitted to special conditions.A Member State determined to implement this policy would probably face retaliatory measures from European institutions, but it cannot be expulsed from the eurozone nor from the EU. The outcome of such a confrontation will depend, among other things, on government’s ability to win confidence of its population for the plan, to gain popular support in other European countries and to negotiate firmly with the EU institutions. Such a step is only one element of a broader economic policy package, including tax reform and debt restructuring. But it is the key element, as it will make it possible to resist creditors’ blackmail and stay the course long enough to reconcile the two imperatives of any progressive strategy in Europe today: using national democratic spaces to build a European public space and redirect the European project towards more cooperation and solidarity.
Subjects / Keywords
austerity policy; complementary payment systems,; Eurozone; Tax-credit money

Related items

Showing items related by title and author.

  • Thumbnail
    Tax-credit instruments as complementary currencies: a policy proposal for fighting austerity while saving the euro zone 
    Théret, Bruno (2019) Communication / Conférence
  • Thumbnail
    The Euro as common money, not a single currency. A plea for a European monetary federalism (Keynote Speech) 
    Théret, Bruno (2016) Communication / Conférence
  • Thumbnail
    The Euro as Common Money, not a Single Currency : a Plea for a European Monetary Federalism 
    Kalinowski, Wojtek; Théret, Bruno (2012-09) Document de travail / Working paper
  • Thumbnail
    Définanciariser : pourquoi, comment ? A propos de diverses propositions de restauration de circuits du trésor dans certains Etats membres de la zone euro avec institution de monnaies fiscales complémentaires à l’euro 
    Théret, Bruno (2017) Communication / Conférence
  • Thumbnail
    Système fiscal de paiement complémentaire : un dispositif pour renverser l’hégémonie 
    Coutrot, Thomas; Théret, Bruno (2019) Article accepté pour publication ou publié
Dauphine PSL Bibliothèque logo
Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16
Phone: 01 44 05 40 94
Contact
Dauphine PSL logoEQUIS logoCreative Commons logo