Germany is getting angry about a cash limit of 10 thousand euros. The Italians, in 1999, silent
Given that the need was felt, the European Commission inaugurated yet another Authority, AMLA, the one that should deal with money laundering. Currently this type of business is mostly done by offshore banking and financial services or dark web transactions, yet old-fashioned regulators only see cash.
The AMLA and the Commission intend to propose a limit on cash transactions equal to 10 thousand euros at EU level. However, there are at least four countries that have no limits and that find it difficult to apply them: Germany, Austria, Luxembourg and Cyprus. Especially in Germany, the news was not particularly well received. In various newspapers, the moderate Welt in the lead, several articles have appeared that oppose this limit seen for what it is: a strong limitation to personal freedom. Among other things, even young people are against the imposition of the limit, for the same reason.
Currently in Germany the theoretical limit on cash payments is 30 thousand euros. Basically, you can pay for a car in cash. Now to tell the Germans that, at the behest of the commission, their purchasing power in cash is reduced to a third of the original is not easy, and consumer protests, also reported by Welt , have started against the government because it would not have done so. enough. Austria was also quite firmly opposed to the measure.
We are now quite sure that, with the elections approaching, the German government will return to engage very carefully on the matter and will bring home a result, such as a targeted exemption for Austria and Germany, by virtue of the ethnic superiority of the Teutons. The Italians have accepted, almost without a shot being fired, a useless cash limit of 1999 euros, yet it does not seem that this has curbed the crime, for which a good investigating magistracy is needed. Let's imagine what would happen in Berlin or Munich if they imposed our limits!
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The article Germany is getting angry about a cash limit of 10 thousand euros. The Italians, in 1999, silent comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-germania-si-sta-arrabbiando-per-un-limite-al-contante-da-10-mila-euro-gli-italiani-a-1999-zitti/ on Wed, 04 Aug 2021 12:33:03 +0000.