A determination to ‘move beyond anger to creativity’ is driving a strong barter economy in some places
In recent weeks, Theodoros Mavridis has bought fresh eggs, tsipourou (the local brandy: beware), fruit, olives, olive oil, jam, and soap. He has also had some legal advice, and enjoyed the services of an accountant to help fill in his tax return.
None of it has cost him a euro, because he had previously done a spot of electrical work – repairing a TV, sorting out a dodgy light – for some of the 800-odd members of a fast-growing exchange network in the port town of Volos, midway between Athens and Thessaloniki.
In return for his expert labour, Mavridis received a number of Local Alternative Units (known as tems in Greek) in his online network account. In return for the eggs, olive oil, tax advice and the rest, he transferred tems into other people’s accounts.Read the rest at Raw Story
Greece develops cashless, Euro-free currency in tight economy
by Jon Henley — The Guardian (UK)\
Not actually barter since it is not exchange of goods directly for goods, but rather involves using a local currency as a unit of account and medium of exchange.
This is also the way that barter clubs operate in the US. It actually starts in many clubs as debt-based money. The club extends credit in its unit of account to get the game going and to provide liquidity.