The Green New Deal is the macroeconomic and financial program of the European Greens.

The Green New Deal is being developed as an alternative for the current economic situation.

The Green New Deal includes a sustainable economic policy that improves the quality of life, a redefinition of the European budgetary and monetary policy and a new global monetary system.

The bankruptcy of the current economic system

The current economic and financial system is characterised by its instability and imbalances, where repeated crises seem to be the only form of regulation. The current economic crisis is a perfect example of this instability and imbalaces, therefore it reveals the failure of policies driven by what can be defined as neoliberal thinking.

The solutions of the Green New Deal

First, the implementation of the Green New Deal calls for a new direction of economic policy aimed at reducing our carbon footprint and improving our quality of life. Redefining objectives of economic policy will bring forward new economic indicators to steer and evaluate policies.

Second, the implementation of the Green New Deal will force a redefinition of budgetary and monetary policy at European level.

Ultimately, the Green New Deal will hold even more promise in the context of a globally organised monetary system that helps guarantee of stability for northern and southern economies.

More about the Green New Deal

The full Green New Deal program is currently under construction. At our next council meeting in Tallinn on October 8^th – 10^th the Green New Deal will be the main topic of discussion.

You can find the starter paper of the Green New Deal here. The background paper on alternative indicators to gross domestic product (GDP) can be found here (English) and here (French). This is a starter text that will be discussed on the council, so not the official text yet!