The issuing city/region requires payment from each household of, say, 10 Civics/quarter... - Bernard Lietaer

In pre-Victorian England the world was oblivious of pollution, greenhouse effects and overpopulation. Nationalism, competition, endless growth and colonisation were encouraged. These values are what shaped the monetary and banking systems we inherited.

The money system is bad for social and environmental sustainability. But this Report also proves – perhaps more surprisingly – that the money system is bad for the money system itself. Unless we fundamentally restructure it, we cannot achieve monetary stability. Indeed, this Report also demonstrates that monetary stability itself is possible if, and only if, we apply systemic biomimicry – that is to say, if we complement the prevailing monetary monopoly with what we call a ‘monetary ecosystem’.

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.