CAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 months agoEuropean Union to ban cash payments above €10,000www.theportugalnews.comexternal-linkmessage-square161linkfedilinkarrow-up1278arrow-down14
arrow-up1274arrow-down1external-linkEuropean Union to ban cash payments above €10,000www.theportugalnews.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 months agomessage-square161linkfedilink
minus-squaretired_n_bored@lemmy.worldlinkfedilinkEnglisharrow-up23arrow-down9·2 months agoGood. In Italy we have a 5,000 limit and it indeed prevents some illegal payments.
minus-squaregian @lemmy.grys.itlinkfedilinkEnglisharrow-up17arrow-down2·2 months agoThe limit only make some illegal payments (like under the table payments) only a little more inconvenient, it does not prevent them.
minus-squareBlackLaZoR@lemmy.worldlinkfedilinkEnglisharrow-up14arrow-down3·edit-22 months agoBad, because running all payments through banking system is a systemic safety risk. If banking gets paralyzed like in Greece during debt crisis you’ll be fucked.
minus-squareExLisper@lemmy.curiana.netlinkfedilinkEnglisharrow-up4arrow-down1·2 months agoIt’s not for all payments, just the ones above 10k. It’s right in the title.
minus-squareBlackLaZoR@lemmy.worldlinkfedilinkEnglisharrow-up6·2 months agoWhole idea is to cripple cash payments. You’re not doing the economy a favor by crippling the most redundant payment system
minus-squaregian @lemmy.grys.itlinkfedilinkEnglisharrow-up3arrow-down1·2 months ago If banking gets paralyzed like in Greece during debt crisis you’ll be fucked. You’ll be fucked in any case. If the banks are paralyzed you cannot get your money anyway.
minus-squareohulancutash@feddit.uklinkfedilinkEnglisharrow-up5·2 months agoIsn’t organised crime 10% of Italian GDP?
Good. In Italy we have a 5,000 limit and it indeed prevents some illegal payments.
The limit only make some illegal payments (like under the table payments) only a little more inconvenient, it does not prevent them.
Bad, because running all payments through banking system is a systemic safety risk.
If banking gets paralyzed like in Greece during debt crisis you’ll be fucked.
It’s not for all payments, just the ones above 10k. It’s right in the title.
Whole idea is to cripple cash payments. You’re not doing the economy a favor by crippling the most redundant payment system
No, it’s not.
You’ll be fucked in any case. If the banks are paralyzed you cannot get your money anyway.
That’s why you keep CASH
Isn’t organised crime 10% of Italian GDP?