Greeks can withdraw just €60 a day (Image: AP Photo/PA/Thanassis Stavrakis)
As the cash dries up in Greece, how can economic paralysis be averted? Innovative parallel currencies offer one way to tackle the crisis, says the author of Healing Capitalism
Whatever your views on the causes of the, its citizens made a brave decision to reject more imposed austerity in yesterday’s referendum. Brave, because in the run-up to the vote the country’s banking system froze after the European Central Bank stopped giving it emergency loans.
Greeks are allowed to withdraw just €60 a day and there are fears the banks may run out of cash within days.
As politicians and bureaucrats argue over the way forward, businesses and citizens face a more immediate concern: how to keep trading if money in circulation continues to be restricted or to decline, especially with many credit cards not …
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