Vollgeld referendum result: Positive Money response

Responding to estimates that only around a quarter of voters supported the Swiss Vollgeld Initiative in today’s referendum, Fran Boait, executive director of Positive Money said:

“The fact that around a quarter of voters supported the Vollgeld Initiative shows there is a real appetite for radical reform of a money and banking system which does not seem to be working for most people.

“Though the Swiss rejected this particular Sovereign Money proposal in today’s referendum, the debate has sparked a much needed debate on the fundamentals of money, and who should have the power to create and distribute it. The Vollgeld Campaign should be applauded for bringing such an important issue to global attention.

“This vote should not represent the end, but rather the beginning of a global conversation about whether control of money creation should be in private or public hands. The question has been raised by the Swiss, and there is a growing movement across Europe ready to respond.”

Notes

For additional comment or to arrange a briefing, please contact Simon Youel on 07908 037569 or at simon.youel@positivemoney.org.uk

About Positive Money

Positive Money campaigns for a money and banking system which supports a fair, democratic and sustainable economy. Set up in the aftermath of the financial crisis, Positive Money is a not-for-profit company funded by charitable trusts and foundations, as well as small donations from its network of over 65,000 supporters.