QE for People was established in 2015 by Positive Money, together with the support of a coalition of 20 civil society groups. Since then, it has been pushing for the European Central Bank’s (ECB) QE programme to be redesigned, in order to make it a fairer and more effective stimulus for the Eurozone economy.
QE for People successfully promoted the idea of helicopter money, helping to make the concept increasingly recognised as a mainstream monetary policy option. The campaign also provided significant input into the European Parliament’s latest annual report on the ECB. In addition, QE for People successfully challenged the ECB to admit it has a role in tackling climate change. ECB President Mario Draghi subsequently took a first step towards recognising this issue on February 27th, declaring that the “ECB is a party of the Paris agreement”.
As Positive Money Europe, the campaign will expand to work on a broader range of topics, including European Central Bank (ECB) accountability, digital currencies, and sustainable finance.
“QE for People was the first step in building the movement for monetary reform in the Eurozone, and we are excited to be writing the next chapter as Positive Money Europe. With the European Elections coming up as well as numerous re-appointments at the ECB board, there is a need for a public interest voice on the ECB in Europe,” said Stanislas Jourdan, Head of Positive Money Europe.
“Through the QE for People campaign we have contributed to the European Parliament’s work and are making an impact. We will seek to continue to play such a role in a critical but constructive manner,” he added.
About Positive Money Europe
Positive Money Europe is a research and campaigning organisation founded in 2018, working towards a European money system which supports a fair, democratic and sustainable economy. Formerly known as “QE for People”, Positive Money Europe scrutinizes the European Central Bank and develops policy proposals for reforming the Eurozone’s monetary system.
Positive Money and Positive Money Europe are not-for-profit companies funded by charitable trusts and foundations, as well as small donations from a network of over 65,000 supporters.