You're missing the point. There's 2 kinds of economic schools: Tax first, then spend it. And the other school that says 'decide democratically what you want to do, then do it by buying goods/services in your own currency. When the invoice arrives instruct the central bank to pay for it. Why do you still need taxation ? To force the locals to accept your currency for them to pay your tax. That also a big part if how money gets created in the first place. And the recognition that 'the state' is a source of wealth instead of the tax satan between buyers and sellers. I love the EU. But we need that democracy and government that issues policy and injects wealth. China and US understand their fiscal power. But we're stuck with stupid Dutch and Germans who don't understand what Nixon really did.