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Saturday 11 February 2012
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Greeks Turn to Barter Networks in crisisAngeliki Ioanniti, a seamstress, runs a small shop in Volos and participates in a network that uses barter and vouchers. Such networks build on a sense of solidarity in tough times as people seek creative ways to cope with a radically changing landscape. The first time he bought eggs, milk and jam at an outdoor market using not euros but an informal barter currency, Theodoros Mavridis, an unemployed electrician, was thrilled. “I felt liberated, I felt free for the first time,” Mr. Mavridis said in a recent interview at a cafe in this port city in central Greece. “I instinctively reached into my pocket, but there was no need to.” Mr. Mavridis is a co-founder of a growing network here in Volos that uses a so-called Local Alternative Unit, or TEM in Greek, to exchange goods and services — language classes, baby-sitting, computer support, home-cooked meals — and to receive discounts at some local businesses. more from daily news »


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