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to: Social Europe
Guy Standing describes, in the present article, the European Central Bank (ECB) as undemocratic, pushing countries to step back on social policies, ramping up insecurity and precariousness and generally representing the financial sector. He suggests directing a small 1% part of the recently deployed Quantitative Easing (QE) scheme to lower income regions, in the form of a basic income, on a pilot basis, suggesting payment for 12 or 24 months. Main benefits include reduced pressure to emigrate, boost aggregate demand and help reduce inequality.
Guy Standing, “Basic income pilots: a better option than QE“, Social Europe, February 9 2015
