Challenge for Europe

This is the english version, click here to read the french version

Since the beginning of the decade, many European countries – France, Great Britain, The Netherlands, Germany – have seen the emergence of many promising economic experiments with regional currencies. These complimentary currencies are circulated alongside the euro (or the national currency) inside a given territory – a city, a region – and can be used uniquely within this territory. Experience shows that the use of such a complementary currency reinforces local trade and helps retain resources within a region. They also tend to reinforce the link between land and community. Regional currencies thereby allow communities to compensate for the negative effects of globalization.

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Post written by Bernard Lietaer, president of the ACCESS association www.lietaer.com, research fellow at the University of California’s Center for Sustainable Resources

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  1. Jct: Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally!
    In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
    U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
    See my banking systems engineering analysis at http://youtube.com/kingofthepaupers

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