Austrian Economy Minister Says People Should Have the Right to Pay in Cash

500 euros cc

More from the War on Cash. The European front is the hot one at this moment as the European Central Bank flirts with the idea of sub-0% interest rates. I mean, because they are worried about terrorism.

(From Slate)

Bloomberg Business reports that in a meeting on Friday, a group of European Union finance officials proposed ways to curb illegal transactions conducted with cash. The group recommended that the European Commission put limits on the size of cash transactions and reconsider how it regulates 500-euro bills.

Mahrer spoke out against the proposals, though. He told Austrian public radio station Oe1, “We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch. … We will fight everywhere against [anti-cash] rules.”

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