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The Inquiry
Why is basic income being debated?
The Inquiry
Mar 31, 2026

Ireland has a new permanent government scheme providing regular cash transfers to 2,000 artists. The people who can access it range from circus performers to opera singers.

It follows a pilot of more than three years, which is believed to have brought a return on investment to the economy.

Big tech backs basic income schemes like this to offset the consequences AI is having on the workforce. Leading economists believe it could create a dystopian world. Nevertheless, more governments are piloting or planning to introduce schemes like this.

Contributors: Dr Jenny Dagg, assistant lecturer, Maynooth University, Ireland Dr Catarina Neves, postdoctoral fellow, Utrecht University, The Netherlands Daron Acemoglu, 2024 Nobel Prize winner in economics, institute professor, Massachusetts Institute of Technology, US Dr Jurgen De Wispelaere, acting chair of the Basic Income Earth Network.

Presenter: Charmaine Cozier Producer: Daniel Rosney Sound engineer: Craig Boardman Editor: Tom Bigwood

(Photo: A customer withdraws euro bills from an ATM in Sofia. Credit: Bloomberg/Getty Images)

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Jun 2, 2026
Is Portugal’s drugs policy in need of reform?

In 2001, Portugal decriminalised the possession and use of all illicit drugs. It was a move designed to mitigate the country’s public health crisis, which at the time meant Portugal had one of the worst rates of overdose deaths in Europe, as well as the highest rate of HIV among drug users. Whilst drugs remained illegal, users did not receive a criminal record but were instead referred to rehabilitation and treatment programmes. It was an approach that proved so successful, that it has remained in place for a quarter of a century.

But just over 10 years after its introduction, Portugal’s drugs policy started to come under strain as the country’s economic crisis and subsequent austerity measures led to budget cuts for drug services. More recently the rising cost of living has diverted people’s attention from investment in this field. On top of this, the trafficking of cocaine and newer substances into the country along with changing demographics is putting decriminalisation under strain.

So, on The Inquiry this week, we’re asking ‘Is Portugal’s drugs policy in need of reform?’

Contributors: Joana Teixeira, President of the Board of Directors, Institute for Addictive Behaviours and Dependencies (ICAD), Lisbon, Portugal Luís Mendão, Director General, Grupo de Ativistas em Tratamentos (GAT), Lisbon, Portugal António Leitão da Silva, Chief of Police, Braga, Portugal Keith Humphreys, Esther Ting Memorial Professor of Psychiatry and Behavioral Sciences at Stanford University, California, USA

Presenter: David Baker Producer: Jill Collins Sound engineer: Toby James Editor: Tom Bigwood

(Photo: Discarded syringes and drug paraphernalia. Credit: Andy Buchanan/AFP)


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May 26, 2026
What’s the future for monetary unions?

At the beginning of this year Bulgaria, considered as one of the poorest countries in the European Union, became the latest to officially join the eurozone. Bulgaria’s legal tender since 1881 had been the lev, but since the mid-1990s it had been pegged to other European currencies, first to the German deutschmark and now to the euro. But it remains to be seen if the country’s economic policy can take advantage of the opportunities that joining the single currency can afford, in terms of trade and economic development.

Monetary unions are not a new concept, some like the Scandinavian monetary union date back to the 19th Century, involving Denmark, Sweden and Norway. It established a fixed exchange rate system based on the gold standard, whilst member countries still had their own currencies before it was gradually dissolved from the outbreak of World War One onwards.

Today, the biggest monetary union is the eurozone, used by around 358 million people across 21 European Union countries. It has one monetary authority for all the members and a standardised currency and coinage.

And now the Economic Community of West African States, known as Ecowas is actively planning a monetary union with a common currency called the eco and pegged to the euro. The ambition is for greater economic sovereignty and regional economic integration.

But with the US dollar as the world’s dominant global reserve currency, even though it is not part of a global monetary union, is there an argument for one currency across all borders and if so, what should it be?

Contributors: Assoc Prof Ralitsa Simeonova-Ganeva, Sofia University St Kliment Ohridski, Bulgaria Prof Barry Eichengreen, University of California, Berkeley, USA Prof Mohamed Ben Omar Ndiaye, Cheikh Anta Diop University, Senegal Dr Judy Shelton, Senior Fellow, The Independent Institute, California, USA

Presenter: Charmaine Cozier Producers: Daniel Rosney and Jill Collins Sound engineer: Toby James Editor: Tom Bigwood

(Photo: Euro and US dollar banknotes)


23min 15sec

Why is basic income being debated?

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