September 2014

The Rise of Alternative Currencies

OZY - The financial crisis has brought Spain to its knees. The economy is all anyone wants to talk about, cities are papered with “For Sale” signs and the staggering increase in unemployment — 26 percent overall and nearly twice that for young people — is pushing Spaniards to think financially outside the box.

 

Several schemes have been set up to try and minimize the effects of the crisis on people’s purchasing power. The most popular so far is Time Banks.