we are calling for the development of a Public Digital Payments Platform (PDPP) in every European country. The PDPP creates a reserve account for each taxpayer. Each taxpayer is then provided with a PIN that allows them to transfer credit from their reserve account to the state — as a form of tax payment — or to any other taxpayer’s account. In doing so, the PDPP affords national governments greater fiscal sovereignty against the Fiscal Stability Treaty.
I have serious concerns about this point. While I understand the proposal comes from Yanis’ imagination when facing the harsh fiscal constraints in Greece in 2015. It was an intelligent idea to circumvent the Eurozone’s stupid rules.
However I am less sure this proposal makes sense as a European proposal for the next election for several reasons:
- The proposal will unnecessarily create a perception that European Spring wants to setup an IT infrastructure to prepare a breakup of the euro. I know this isn’t what we want but I can already hear them screaming… How does this proposal “fixes the euro” anyway? Yanis’ idea was a contingency plan, not a plan A.
- The current platform already proposes a multitude of measures in order to reverse the austerity curse (the Green investment plan, the new EU budget, the universal dividend, getting rid of the fiscal compact etc etc.). If all those proposals will work, do we still need this PDPP. Do we need to circumvent the rules if we will change those rules?
- Last and not least, it is not clear at all what is the benefit of this proposal from a citizens perspective. How does it help me as a citizen to have another payment system? It looks quite technical and may confuse people more than it will convince citizens.
All in all, I would suggest dropping this point because it doesn’t have much potential for the campaign and may create serious difficulties for European Spring to defend it in the eurozone debate.