Links to New Complementary Currency Initiatives

Compiled by complementary currency expert Ludwig Schuster of Germany. 26.09.2011 YES Magazine (USA) Evergreen Cooperative Corporation Cleveland pays workers 20 percent in cash and 80 percent in “capital credits”. “Sustainability in the broadest sense can only be created if you can stick capital where it won’t get up and leave” 25.09.2011 San Francisco [...]

All together now – Cross Cancel European Sovereign Debt!

This exercise does not solve the problem of the EU debt crisis, and raises more questions that it answers in terms of data reliability. However the revelation about how interlinked debt might net out (possibly even to zero) is a policy option. And indeed if this exercise leaves some countries with a large remainder it points to where the real problems are. Either way, it sheds light on the issue and uncovers information. The fact that so much debt is interlinked presents a real opportunity to solve the problem. The web of interlinked debt is too thick to be dusted away by classroom games, however policymakers should attempt to replicate this study, and they may find that instead of spinning further webs they might get out a duster to clean things up.