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"Greece continues to use the euro for all international business: tourism, shipping, exports and imports, etc. Taxes are levied in euros on profits made in these activities, and used to service the country’s national debt."
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Bernard LietaerB
Bernard Lietaer
Bernard Lietaer
Bernard Lietaer
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Bernard Lietaer was a Belgian civil engineer, economist, author, and educator. He studied monetary systems and promoted the idea that communities can benefit from creating their own local or complementary currency, which circulate parallel with national currencies.
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"The issuing city/region requires payment from each household of, say, 10 Civics/quarter..."
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Bernard LietaerQuote
"In addition, any Greek city/region wanting to participate can issue its own local currency (generically called ‘Civics’ in the case study in chapter VIII). Civics are used to pay for important local, social and environmental programs. In our example, 1 Civic is issued to anyone who completes 1 hour of approved service to the community. Projects for which Civics are paid should be decided democratically and locally."
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Bernard Lietaer
