20 June 2012

Spaniards turn to barter, alternative banks to alleviate economic pain

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Spanish institutions are in no shape to help struggling Spaniards, so they’re turning to alternative banks and ways of exchanging goods to get by, reports Andrés Cala in the Christian Science Monitor.

“The quest for economic alternatives has picked up in recent months. Neighbors are organizing online and on the ground to do what banks and government institutions no longer can or are willing to do. They are repopulating the countryside with communes; they are moving savings from traditional national banks to home-grown socially responsible entities; and they are connecting those in need with those who can help.”

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