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.


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

Author :


  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

Comments are closed.