Welcome on this website !
The
The Matheo
Solution (TMS)
The TMS core-concept introduces the
‘Euro-Currency-Units-Exchange-Rate-Mechanism (ECU-ERM)’ within
the Euro Pact.
The ECU-ERM is an innovative exchange-rate-mechanism. ….A new ‘architecture’
for EMU and the Euro, especially designed, suitable and essential for the
diverse and economically divergent Euro zone. ….It will turn the European Economic and Monetary Union (EMU) into a ‘flexible’ union. ….And therefore it
repairs the primary flaw of the
present ‘rigid’ Euro Pact.
The ECU-ERM is based on the ‘functions of
money’ theory, and it separates the ‘means-of-
payment’ function from the ‘currency-unit’
function of money. Payment
can be done either physically (by cash money = legal tender) or electronically
(by settling bank accounts). The currency-unit is the ‘unit of account’ for the determination of the level of prices and
wages in a currency-area vis-a-vis that level in other currency-areas.
The ECU-ERM involves the introduction of new ‘National Currency-Units (NCU’s)’
alongside the already existing ‘Euro
Currency-Unit (ECU)’. In full compliance with the
EU-Treaty, the Euro (currency) can then remain the sole means of
payment (including legal tender)’ .…and the ‘symbol’ of the post-war European unity.
The
ECU-ERM introduces the ‘ECB-managed’ national monetary policies within
the Euro Zone, and thus finally provides the urgently needed structure
for ‘monetary devaluations’ ('fixed but adjustable exchange-rates') and ‘interest-rate-differentiation’
on a national (member state) level.
TMS also introduces a ‘smart’ (ECB-financed) bank union for the recapitalization of ‘troubled’
European system-banks in the last (European) stage. This to prevent bankruptcy
of system-banks, thus to prevent destabilization of the financial system.
For a full coverage of TMS: click here
‘The Matheo
Solution (TMS)’ – For Matheo and all other Europeans !