Assuming Greece defaults on its debt and exits the eurozone, this paper suggests an heterodox way of managing the Greek economy towardseconomic recovery. The paper claims that the central bank of Greeceshould gradually convert the loans it owns from the Greek banks intodeposits of Greek citizens. This process would be led for three years,and result in distributing a guaranteed basic income to every Greekcitizen currently residing in Greece. Our proposal is aimed at stimulatinga long-term confidence in the economic outlook, fighting poverty andensuring a pathway to the end of the crisis through social justice and abasic income.
With encouragements and help from:
Glenn Rolland, Vasia Xiromeriti, Olivier Auber, Stéphane Laborde, Gérard Foucher, CaroleFabre, Marc de Basquiat, Renie Spijkerman, Agata Mlodawska, Otto Luedemann.Many thanks to them.
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Stanislas Jourdan - BIEN Congress, Munich 2012 - page 2