Proposals for the Eurozone

For Europe:

  1. The European Parliament or ECB has to be given fiscal authority and give the national governments a check for maybe 1,000 euro per capita to be used for general purposes.
  2. This new fiscal authority would also provide deposit insurance for all the euro banks and lend to member banks on an unsecured basis.
  3. It would also regulate and supervise the banks.
  4. I would have the new fiscal authority fund jobs for anyone willing and able to work at a fixed wage, which, via market forces, would become the minimum wage.

Warren B. Mosler – 17, Feb, 2009