Matthew Feeney on How Alternative Currencies Are Gaining in Popularity as the Eurozone Crisis Worsens

For weeks commentators have been discussing the
possibility of Greece leaving the eurozone and how a return to the
drachma might be facilitated. But when it comes to currency, writes
Matthew Feeney, the drachma is not Greece’s only option. If Greece
does exit the eurozone an alternative currency could emerge or an
already existing one, such as bitcoin, could be adopted. In some
parts of Greece social entrepreneurship, technology, and skepticism
of politicians have already given rise to alternate trading
mechanisms and created an environment where cyrptocurrencies could
become increasingly popular.