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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.
Bernard Lietaer (7 February 1942 – 4 February 2019) was a civil engineer, economist, author, professor and philosopher who 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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There are three reasons why I believe the current, ongoing monetary initiatives have a better chance of success than ever before: First and foremost, these money innovations are not attacking the official money system. What they do instead is complement the conventional money system, providing new tools that can operate in parallel with it, without replacing it. That is why I call them 'complementary currencies', and not, 'alternative' ones.
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Money or lack thereof, is a fundamental component of our lives. It is not, however, just the lack of money that is precipitating present trends or preventing us from addressing current challenges. Rather, it is the limited functionality of our money and monetary system that is a major force behind our present disorders. Many of the problems we face, and the solutions we seek, reside within the architecture of our current monetary system and in our understanding of, and our agreements around, money.