Wednesday, 27 September 2017

In austerity-pounded Italy, 11 alternative currencies smooth out a surging barter economy

In the years since the 2008 financial crisis, Italy had seen European central bankers effect a regime-change in its national government in order to enforce a brutal austerity in the name of paying back its creditors, resulting in a 5% contraction in its national economy and unemployment soaring to 11.1%. (more…)