Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Wörgl solution, in short.

Of course, that is a violation of the EU treaties since they give the ECB the monopoly of legal tender. More imaginative ways around it must be sought.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Carrie (migeru at eurotrib dot com) on Fri May 4th, 2012 at 01:55:25 AM EST
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