A digital euro accessible to non-residents could make the single currency more attractive as a safe means of payment for retail transactions across borders. It could help tackle inefficiencies in cross-border payment infrastructures and make it easier to transfer remittances.
He argues that public investment will generate gains in productivity which will raise the value of land held by the private sector. Therefore, by levying an annual tax on the market value of land, the government or local authorities can mobilise the revenue needed to service the debt that it incurred building the infrastructure. I am sceptical about this claim.