You may remember that post in which I explained how exiting the eurozone could be a good opportunity for Greece, if accompanied by a series of relevant measures such as the distribution of a monetary dividend to every citizen living in Greece (ie. a basic income grant funded by money printing).
Following the post, some people encouraged me to detail and argument further my proposals. So I did. Even better, I decided to submit a paper to the Basic Income Earth Network (BIEN) Congress that will take place in Munich next 14-16 of September. My paper was accepted, thus offering me the opportunity to present it during a workshop on September, 14th.
Here is the abstract of my paper:
Assuming Greece defaults on its debt and exits the eurozone, this paper suggests an heterodox way of managing the Greek economy towards economic recovery. The paper claims that the central bank of Greece should gradually convert the loans it owns from the Greek banks into deposits of Greek citizens. This process would be led for three years, and result in distributing a guaranteed basic income to every Greek citizen residing in Greece. Our proposal is aimed at stimulating a long-term confidence in the economic outlooks, fighting poverty and ensuring a pathway to the end of the crisis through social justice through basic income.
And here are the slides i’ll use:
I gratefully invite you to read the whole piece (embedded below). It includes several economic justifications and demonstrates how money printing is probably the most feasible way to implement a basic income in Greece nowadays.
Thank you in advance for reading and sharing it, and most of all, please share your views, critics, endorsement in the comments (or privately), so that I can improve my presentation for the Munich Congress!