The European Monetary Union based on the Maastricht Treaty doesn't exist any longer. Permanent rescue parachutes, joint liability and legal presumptions by the EU Commission lead to a fiscal union with a redistributive character. Bond-purchasingprogrammes endanger the independence of the ECB. As an alternative, Dirk Meyer develops a parallel currency concept for a functioning common currency. The Content Vol. I: An Inventory Where is a liability union already evident today? To what extent is the reconstruction fund NextGenerationEU the blueprint for a fiscal-centralist European Monetary Fund? Is a debt relief on the way? Are Greek "geuros" and Italian "minibots" as government money the solution? Why do national parallel currencies and a value-secured euro with purchasing power guarantee a constructive alternative?.