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SOL Project
The SOL Project is an innovative French complementary currency designed to promote a " solidarity economy". The project is being financed by the European Commission and pilot tested in Nord-Pas-de-Calais, Île-de-France and Brittany. SOL was initiated by Patrick Viveret and Dominique Picard and has received praise from president Jacques Chirac Jacques René Chirac (, , ; 29 November 193226 September 2019) was a French politician who served as President of France from 1995 to 2007. Chirac was previously Prime Minister of France from 1974 to 1976 and from 1986 to 1988, as well as Ma .... Supporters believe that SOL will raise the standard of living for low income participants while building local economy. See also * Ethical banking References External links * Sol website: http://www.sol-reseau.org/ * Social Economy Round Two DP Analysis', European Commission report Local currencies Economy of France {{France-stub ...
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France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin. Its eighteen integral regions (five of which are overseas) span a combined area of ...
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Complementary Currency
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curre ...
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Solidarity Economy
Solidarity economy or Social and Solidarity Economy (SSE) refers to a wide range of economic activities that aim to prioritize social profitability instead of purely financial profits. A key feature that distinguishes solidarity economy entities from private and public enterprises is the participatory and democratic nature of governance in decision-making processes as one of the main principles of the SSE sector. Active participation of all people involved in decision-making procedures contributes to their empowerment as active political subjects. However, different SSE organizational structures reflect variations in democratic governance and inclusive participation. Ultimately, SSE represents a crucial tool in guaranteeing that social justice ideals are upheld and that the wellbeing of the most vulnerable populations is paid attention to during the planning processes''.'' Overview Some refer to solidarity economy as a method for naming and conceptualizing transformative monetary ...
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European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are ...
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Nord-Pas-de-Calais
Nord-Pas-de-Calais (); pcd, Nord-Pas-Calés); is a former regions of France, administrative region of France. Since 1 January 2016, it has been part of the new region Hauts-de-France. It consisted of the departments of France, departments of Nord (French department), Nord and Pas-de-Calais. Nord-Pas-de-Calais borders the English Channel (west), the North Sea (northwest), Belgium (north and east) and Picardy (south). The majority of the region was once part of the historical (Southern) Netherlands, but gradually became part of France between 1477 and 1678, particularly during the reign of king Louis XIV. The historical Provinces of France, French provinces that preceded Nord-Pas-de-Calais are Artois, French Flanders, French Hainaut and (partially) Picardy. These provincial designations are still frequently used by the inhabitants. With its 330.8 people per km2 on just over 12,414 km2, it is a densely populated region, having some 4.1 million inhabitants, 7% of France's tot ...
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ÃŽle-de-France (region)
The Île-de-France (, ; literally "Isle of France") is the most populous of the eighteen regions of France. Centred on the capital Paris, it is located in the north-central part of the country and often called the ''Région parisienne'' (; en, Paris Region). Île-de-France is densely populated and retains a prime economic position on the national stage: though it covers only , about 2% of metropolitan French territory, its 2017 population was nearly one-fifth of the national total. The region is made up of eight administrative departments: Paris, Essonne, Hauts-de-Seine, Seine-Saint-Denis, Seine-et-Marne, Val-de-Marne, Val-d'Oise and Yvelines. It was created as the "District of the Paris Region" in 1961. In 1976, when its status was aligned with the French administrative regions created in 1972, it was renamed after the historic province of Île-de-France. Residents are sometimes referred to as ''Franciliens'', an administrative word created in the 1980s. The GDP of the region ...
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Brittany (administrative Region)
Brittany (french: Bretagne ; br, Breizh ); Gallo: ''Bertaèyn'' ) is the westernmost region of Metropolitan France. It covers about four fifths of the territory of the historic province of Brittany. Its capital is Rennes. It is one of the two Regions in Metropolitan France that does not contain any landlocked departments, the other being Corsica. Brittany is a peninsular region bordered by the English Channel to the north and the Bay of Biscay to the south, and its neighboring regions are Normandy to the northeast and Pays de la Loire to the southeast. "Bro Gozh ma Zadoù" is the anthem of Brittany. It is sung to the same tune as that of the national anthem of Wales, " Hen Wlad Fy Nhadau", and has similar words. As a region of France, Brittany has a Regional Council, which was most recently elected in 2021. Territory The region of Brittany was created in 1941 from four of the five departments constituting the territory of traditional Brittany. The other is Loire-At ...
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Jacques Chirac
Jacques René Chirac (, , ; 29 November 193226 September 2019) was a French politician who served as President of France from 1995 to 2007. Chirac was previously Prime Minister of France from 1974 to 1976 and from 1986 to 1988, as well as Mayor of Paris from 1977 to 1995. After attending the , Chirac began his career as a high-level civil servant, entering politics shortly thereafter. Chirac occupied various senior positions, including Minister of Agriculture and Minister of the Interior. In 1981 and 1988, he unsuccessfully ran for president as the standard-bearer for the conservative Gaullist party Rally for the Republic. Chirac's internal policies initially included lower tax rates, the removal of price controls, strong punishment for crime and terrorism, and business privatisation. After pursuing these policies in his second term as prime minister, he changed his views. He argued for different economic policies and was elected president in 1995, with 52.6% of the ...
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Poverty
Poverty is the state of having few material possessions or little income. Poverty can have diverse , , and causes and effects. When evaluating poverty in statistics or economics there are two main measures: '' absolute poverty'' compares income against the amount needed to meet basic personal needs
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Community-based Economics
Community-based economics or community economics is an economic system that encourages local substitution. It is similar to the lifeways of those practicing voluntary simplicity, including traditional Mennonite, Amish, and modern eco-village communities. It is also a subject in urban economics, related to moral purchasing and local purchasing. The community-based economy can refer to the various initiatives coordinated through multiple forms of interactions. These interactions may involve some form of work performance; project participation; and/or relationship exchange. The forms of interaction can exclude the need to contract; can do away with the need to include some form of monetisation; as well as be free from the need to establish a structure of hierarchy. Community-based economies have been seen to involve aspects of social bonding; value promotion; and establishing community-orientated social goals. It has been suggested that communities that meet their own needs need ...
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Ethical Banking
An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, and social enterprise. Other areas of ethical consumerism, such as fair trade labelling, have comprehensive codes and regulations which must be adhered to in order to be certified. Ethical banking has not developed to this point; because of this it is difficult to create a concrete definition that distinguishes ethical banks from conventional banks. Ethical banks are regulated by the same authorities as traditional banks and have to abide by the same rules. While there are differences between ethical banks, they do share a desire to uphold principles in the projects they finance, th ...
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Local Currencies
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency - is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency - a complementary currency used by a group with a common bond, such ...
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