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2009-02-07 Home Front Economy

Germans Already Using Multiple Scrip Currencies

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Posted by Anonymoose 2009-02-07 00:00|| || Front Page|| [2 views ] Top

#1 "threatening the authority of the state"

That's the crux of the matter. The state (particularly the EUnicks) don't like having their authority threatened. I wonder how long Germany will put up with it.

I think the writer is right about the Deutchemark.

Posted by Barbara Skolaut">Barbara Skolaut 2009-02-07 00:13|| 2009-02-07 00:13|| Front Page Top

#2 *Rolls eyes*

God forbid someone figure out a way to raise money for charity. Doom is on the way for sure now. What with poor communities in Germany all banding together to donate to charitable causes and all.

Gettin kinda sleepy. Maybe some Java will perk me up.

Posted by Mike N. 2009-02-07 01:39|| 2009-02-07 01:39|| Front Page Top

#3 A pure coincidence, said Prof Gerhard Rösl, author of the Bundesbank paper. "The assumption that this springs from a general scepticism towards the euro is not valid."

One has to love the German sense of humour. They've never like the Euro, not even a little bit.

Posted by Besoeker 2009-02-07 03:09|| 2009-02-07 03:09|| Front Page Top

#4 The Bank of England issued currency has traditionally only been for England and Wales. Scotland, Northern Ireland and all those little places like Jersey have at least a dozen currency issuing bodie between them. Northern Ireland used to have 4 or 5 banks that all issued their own currency notes. I think they still have 3.

In N Ireland while English currency was legal tender, people were reluctant to take it. So I can understand how a local currency works. It's a way people differentiate themselves.

Posted by phil_b 2009-02-07 07:19|| 2009-02-07 07:19|| Front Page Top

#5 Sounds more like a spark of regionalism to me. Take away a people's sense of identity (imposition of a stateless currency) and they'll grab something that has a more "home bred" flavor (?) to it. I agree, it's not a well thought out thesis, more of a gut feeling.

Posted by AlmostAnonymous5839">AlmostAnonymous5839 2009-02-07 12:30|| 2009-02-07 12:30|| Front Page Top

#6 Is this a way around the the 19% German VAT like the "barter" system was a way around the sales tax some years ago in the US.

Posted by ed 2009-02-07 13:09|| 2009-02-07 13:09|| Front Page Top

#7 some years ago, ed? Heh.

Posted by Alaska Paul 2009-02-07 18:33|| 2009-02-07 18:33|| Front Page Top

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