Return to Roots – International Currencies Increasingly Rejected in the Face of Inflation
The Daily Mail reports on a town of 3,000 called Villamayor de Santiago, where “rebellious” locals have reintroduced the peseta in a project to thwart the failing euro after inflation has driven up the price of essential goods 43 per cent. The cost of bread is up by 49 per cent, milk 48 per cent, and the price of potatoes is up 116 per cent. All while a third of this small town is out of work.