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Title : Things Only Got Serious Inward Europe’S Nation Of War On Cash
link : Things Only Got Serious Inward Europe’S Nation Of War On Cash

Things Only Got Serious Inward Europe’S Nation Of War On Cash

Don Quijones writes:

The cardinal authorities inward Europe merely launched their close of import offensive to engagement inward their multiyear War on Cash. The novel motion comes straight from the European Union’s executive branch, the European Commission, which merely announced its intention to “explore the relevance of potential upper limits to cash payments,” amongst a sentiment to implementing cross-regional measures inward 2018.

Maximum limits on cash transactions already be inward close European countries, as well as the full general tendency is downward. Last year, Kingdom of Spain joined French Republic inward placing a €1,000 maximum on cash payments. Hellenic Republic went i better, dropping its cap for cash transactions from €1,500 to €500. In uncomplicated terms, whatever legal buy of a proficient or service over €500 volition involve to live done amongst plastic or mobile money.

The German linguistic communication people are the heroic fighters here, though:

In unopen to countries, the maximum cash boundary is significantly higher. For example, inward Europe’s biggest economy, Germany, recent attempts past times the regime to laid a threshold of €5,000 triggered a fierce world backlash. The German linguistic communication tabloid Bild published a scathing opened upward missive of the alphabet titled “Hands Off Our Cash,” spell a wide spectrum of political parties condemned the proposed measures every bit an assail on information protection as well as privacy.

“Cash allows us to stay anonymous during day-to-day transactions. In a constitutional democracy, that is a liberty that has to live defended,” tweeted the Green MP Konstantin von Notz. Even Bunderbank President Jens Weidmann criticized the government’s proposals, telling Bild (emphasis added): “It would live fatal if citizens got the impression that cash is existence gradually taken away from them.”

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