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Greeks found a bank that does not work with money

10 July 2011 / 16:07:31  GRReporter
5138 reads

For tender unit the network members have TEM, which is pretty much equal to 1 Euro. From the commercial shop an electrician may take a pair of boots, costing 150 ΤΕΜ and to make improvements in the shop for the same value. So the merchant and the customer will be even. 

Of course, the trader does not have to take these 150 ΤΕΜ from the same customer, but from someone else, i.e. he can give the boots to the electrician, (both must be members of the network) and write down "bill" of 150 ΤΕΜ, which he will take from another customer for another service. 

Websites 

"Barter economy" has gained positions also in many Internet websites which offer very different services, depending on the needs of their users. 

In the site www.carpoling.gr, one can find pensioners who travel in one direction and are looking for company, mainly to split the cost of the car. 

Villa exchange is a widespread practice abroad, and it has started to gain supporters in Greece as well. If you are a member of the website www.elladahomeexchange.gr you can find people from different parts of Greece, who would like to exchange their villa. 

The site www.parkaro.gr allows a parking spaces exchange. For example, if you have parking in Ambelokipi you can swap it, during the hours you do not use it, with someone who has a parking space in Kolonaki, provided you participate in one database. 

It is applied in 26 countries 

A patent with…international past 

Deals without money are applied in over 26 countries including USA, Japan, Britain, countries in Latin America, Italy and Spain. 

10 years ago in Argentina, which was reigned by social chaos and political instability due to the failure of the state, a movement for solidarity economy (nodos) was born, which aimed to support the local economy and strengthen the sense of self-preservation. Even the Argentinean Ministry of Economy acknowledged the strength of the movement, offering assistance and training on Internet technology. 

The neighborhood and urban agriculture movement was born in Vancouver, Canada. It received a great response, with 44% of food was grown in backyards and balconies of the houses. 

It is estimated that 10% of European workers are employed in different sectors of the social economy. One of the most popular systems for non-cash transactions is LETS (Local Exchange Trading System) with has its own internal currency. It was founded in Vancouver and is now spreading in various countries. 

Tags: Greece economy bank for time barter economy
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