TEM in Volos, Greece

After the European Central Bank’s austerity policies destroyed the Greek economy following the 2008-2009 banking crisis, many Greeks turned to complementary currencies to fill the vacuum created by disappearing Euros. This inspiring video from Australian news reporter Amos Roberts in 2012 delves into how one such currency, T.E.M., helped the Greek town of Volos. It is an illuminating look at how complimentary currencies can function.

“It’s a liberating feeling to have, to see ourselves able to do this. This is something once we realized the potential of this, maybe the whole world will change.” — T.E.M. network member Yiannis Grigoriou

Find out more:
Bartering system going strong in Greek town of Volos
BBC: Greece bartering system popular in Volos
SBS original program: Making money

[Watch the video]

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