Estonia's Bank of Happiness: Trading Good Deeds

From dog-walking to rubbish clearance, civic-minded Estonians can now draw on a virtual Bank of Happiness which trades in good deeds. Anjana Ahuja reports from Tallinn

On one level, it was just a haircut. Peeter, a middle-aged IT manager, entrusted his diminishing locks to Nele, a young craftswoman armed with goodwill and a pair of scissors. By all accounts, Peeter was delighted with his newly shorn pate. On another level, though, the clash of keratin against blades that took place in a Tallinn apartment last month was historic. For the cut was given free, with no exchange of cash or other payment, and is recorded as the first official transaction carried out by the Bank of Happiness in Estonia.

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