Massimiliano Romeo Speaks to the Senate explaining why the League will ABSTER its trust in the Government on the Cashback Decree
The reasons are various and highlighted in an ad hoc letter from the ECB itself which stressed that there is no evidence that the Cashback reduces tax evasion
He also highlighted that cash favors social integration, is accessible to all, is resistant to technological problems, has no transaction costs. So it is not clear how a “European” government can completely ignore the indications of the Central Bank. therefore the League abstains.
The cashback is 5 billion that could be used much better, for example to help the categories now in difficulty, and which instead go to reward those who do not need it because they can afford to spend with a credit card.
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The article Romeo: no trust on Cashback, which is useless and the ECB does not want it either, comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/143031-2/ on Wed, 07 Apr 2021 16:55:05 +0000.