Reduction or even abolition of interest charges

Under the current system, our governments are obliged to borrow money from commercial banks, and tax payers are forced to pay the interest charges on that debt.

In the past 20 years, governments in the European Union have borrowed around €7.8 trillion. Roughly 86% of that money went to pay for the interest charges on public sector debt.

By using debt-free N-Euros, our governments could progressively replace the debt based money, reducing and finally abolishing those interest charges.

No need for notes or coins

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