On
the 23rd September 2011, the Guardian website published an article on
the “Chiemgauer”. It's an alternative currency to spend in local
shops in southern Germany. This new currency was the result of a
school project. Its value diminishes after three months and is only
valid in the local economy. The fact that it depreciates accelerates
its circulation and therefore boosts the local economy (it circulates
nearly 2.5 times faster than the Euro). More than 600 businesses now
accept the Chiemgauer. In 2011, it constituted the most successful
alternative currency in the world. Other local currencies
were created during the crisis of 1929...
German Euroscepticism
has risen following the crisis of 2008. I’ve a feeling that people
have lost hope in the European currency. Indeed, the creation of
regional or national currencies would indicate a return to the past.
And the events in Greece might further compromise the Euro's
credibility.
What do you think? Does the Euro still have a future ? Comments
please!
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