Thursday, 17 May 2012

Are the People taking back their Lives?

map of Clones
There are reports that the people are withdrawing their money from the banks in Greece and Spain in droves. Clearly trust in the Central Banks is diminishing but the most extraordinary story of the week is the return of the Irish Punt.

People in the small County Monaghan town of Clones, once the home of boxing legend Barry McGuigan, have reintroduced the Irish punt in the hope that it will boost the local economy. They took the idea from the town in Spain which reintroduced the peseta locally.

Recently I suggested that if things really got bad we may be reduced to barter but perhaps this is an alternative method of dispensing with the euro without the assistance of the politicians. If Clones can do it then I reckon others might just follow suit. Are people really taking back control of their lives?

You can read the full story here.

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