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Open Letter: Write off debt, win the future!
We are fortunate to have a creditor that does not have to fear losing its money: the ECB. Our proposal is therefore very simple: let us conclude an agreement between the European states and the ECB. The ECB writes off the debt it holds (or converts it into perpetual interest-free debt), and in return the European states commit to a social and environmental recovery plan of the same amount.
We are fortunate to have a creditor that does not have to fear losing its money: the ECB. Our proposal is therefore very simple: let us conclude an agreement between the European states and the ECB. The ECB writes off the debt it holds (or converts it into perpetual interest-free debt), and in return the European states commit to a social and environmental recovery plan of the same amount.
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