Friday, February 5, 2016

#Germany wants to limit to #cash payments in #Europe

News
Here it comes.

Supports content that

"the risk of terror financing and . . . the problem of how to clear up money-laundering offenses properly."


While detractors point out that

German lawmaker Konstantin von Notz tweeted that limiting cash payments "is a new fundamental attack on data protection and privacy." Von Notz is a member of the radical left-wing Green Party.

A global economic downturn means this debate will get ugly in various ways.

Headline: Germany wants to limit to cash payments in Europe

Feb 3 Germany wants to push for an upper limit to cash payments in Europe and could imagine talking about a ceiling of 5,000 euros, deputy finance minister Michael Meister said on Wednesday.


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