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 EUROPE 
EUROPE / Breaking the ECB’s ‘Corralito’ in Greece!
Date of publication at Tlaxcala: 06/07/2015
Original: Σπάζοντας το “κοραλίτο”* της ΕΚΤ στην Ελλάδα
Translations available: Français  Español  Català  Deutsch  Italiano 

Breaking the ECB’s ‘Corralito’ in Greece!

FairCoop

 

As the European Central Bank controls the bank accounts of the Greeks, FairCoop wants to help the population break the “corralito” (currency controls) by enabling them to exchange a part of their digital balances in “Greek Euros” to Faircoins. Thus, Greek citizens can diversify their holdings by changing some of their savings to a currency that the ECB cannot control and which is in tune with an ethics of social cooperation that is completely opposed to the neoliberal economic model that the Troika wants to impose.

http://tlaxcala-int.org/upload/gal_10826.jpg

In collaboration with the Festival for Solidarity & Cooperative Economy, FairCoop has enabled a Greek current account through which citizens can buy Faircoins.

If you want to participate, here you have the steps to follow:

OPTION A (FairSaving) https://fair.coop/fairsaving-2/

2. Select the option ‘Get Faircoin with WIRE TRANSFER‘.
3. Select the quantity of EUR to spend for buy Faircoin
4. Click on the GET FAIRCOIN NOW button.
5. Fill in the form (email, name, surname and check the option: ‘FAIRSAVING SERVICE‘), then confirm the purchase.
6. It will take you to a page with the information necessary to make the transfer to a Greek bank account and thus proceed with the purchase of your FAIR.
7. At the same time, you will also receive a message to the email account you provided with the data for the transfer.
8. Once the transfer is successfully processed, you will receive an email giving you the new Faircoin address associated with your Fairsaving account and the amount of your saved FAIR.

OPTION B (Download your own Wallet)

1. Download the official wallet http://fair-coin.org/#wallet for your operating system.
2. Find your Faircoin address in the tab “receive coins” and meanwhile wait 30 minutes to allow the wallet to synchronise with the network.
4. Select the option ‘Get Faircoin with WIRE TRANSFER‘.
5. Select the quantity of EUR you wish to spend on Faircoin
6. Click on the ‘GET FAIRCOIN NOW’ button.
7. Fill in the form (email, name, surname and Faircoin address), then confirm the purchase.
8. It will take you to a page with the information necessary to make the transfer to Greek bank account and thus proceed with the purchase of your FAIR.
9. At the same time, you will also receive a message to the email account you provided with the data for the transfer.
10.  Once the transfer is successfully processed, you will receive the Faircoin and an email  confirming the action.

Also
to stay in touch with FairCoop in Greece, you can join our group on the Fairnetwork:
And if you can come to Crete this summer you might be interested in joining the FairCoop Summer Camp:  https://fair.coop/faircoop-summer-camp-2015/
 

*Corralito was the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run, and which were fully in force for one year. The corralito almost completely froze bank accounts and forbade withdrawals from U.S. dollar-denominated accounts. The Spanish word corralito is the diminutive form of corral, which means "corral, animal pen, enclosure"; the diminutive is used in the sense of "small enclosure" and also "a child's playpen". This expressive name alludes to the restrictions imposed by the measure.





Courtesy of FairCoop
Source: https://fair.coop/el/breaking-corralito-greece/
Publication date of original article: 01/07/2015
URL of this page : http://www.tlaxcala-int.org/article.asp?reference=15154

 

Tags: FairCoinFairCoopFestival for Solidarity & Cooperative EconomyGreeceCorralitoEuropean Central BankEuropeEuropean Union
 

 
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