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Greece Starts to outlaw cash transactions over €1500 starting from next January

Run_to_da_hills · 2010-02-16 14:15:56

From 1. Jan. 2011, every transaction above €1,500 between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards.' Its one step further down the slipper slope where the authorities will be able to pinpoint…

16-02-2010 3:15pm

#1

Run_to_da_hills

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From 1. Jan. 2011, every transaction above €1,500 between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards.'

Its one step further down the slipper slope where the authorities will be able to pinpoint and log every cashless transaction you make that exceeds €1500.

Great for suppressing crime and underworld dealings as all transactions €1500 will become more transparent but all at the expense of your civil liberties.

http://www.reuters.com/article/idUSLDE61824V20100209

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Comments

#2 16-02-2010 4:55pm

neo2010

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Huh, thats really strange, how can that even be legal.

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#3 16-02-2010 5:24pm

[Deleted User]
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Already being discussed here.

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