The European Monetary Union based on the Maastricht Treaty doesn’t exist any longer. Permanent rescue parachutes, joint liability and legal presumptions by the EU Commission lead to a fiscal union with a redistributive character. Bond-purchasingprogrammes endanger the independence of the ECB. As an alternative, Dirk Meyer develops a parallel currency concept for a functioning common currency.

Prof. Dr. Dirk Meyer has taught regulatory economics at Helmut Schmidt University in Hamburg since 1994. He was involved in two constitutional challenges against Greek bailout I and the European Financial Stabilisation Mechanism EFSF in 2010. Together with colleagues, he wrote the appeal "The euro must not lead to a liability union" in 2018. As one of the main complainants against the EU loan financing of the Covid-19 reconstruction package NextGenerationEU , he joined the lawsuit of the "Bündnis Bürgerwille" in 2021.