CAVOK@lemmy.world to Europe@feddit.orgEnglish · 1 day agoEuropean Union to ban cash payments above €10,000www.theportugalnews.comexternal-linkmessage-square48linkfedilinkarrow-up1142arrow-down11
arrow-up1141arrow-down1external-linkEuropean Union to ban cash payments above €10,000www.theportugalnews.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 1 day agomessage-square48linkfedilink
minus-squaretired_n_bored@lemmy.worldlinkfedilinkEnglisharrow-up18arrow-down4·13 hours agoGood. In Italy we have a 5,000 limit and it indeed prevents some illegal payments.
minus-squaregian linkfedilinkEnglisharrow-up9arrow-down2·12 hours 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-up8arrow-down3·edit-212 hours 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-squaregian linkfedilinkEnglisharrow-up3·9 hours 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.
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.
You’ll be fucked in any case. If the banks are paralyzed you cannot get your money anyway.
That’s why you keep CASH