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Graham Bishop presented his plan for a Temporary Eurobill Fund (TEF) at France Stratégie - a public research institution that depends directly on the First Minister cabinet - on 26th September.
The 1.5 hour event included vigorous discussion, enabling broad understanding that the plan could start a process of building “concrete steps... to achieve de facto solidarity” - to quote the famous Schuman dictum. The plan would follow Monnet’s brilliant methodology of something that is effective and incorporates subsidiarity yet has a clear direction of travel – whilst maintaining democratic support.
The TEF is designed to build confidence and trust steadily – amongst the nations, institutions and peoples - so that the ultimate results could be increasingly notable over say the next decade, starting with an apparently small technical step: issuing under–two year maturity public debt through a common institution.