posted on Feb, 16 2010 @ 04:44 PM
Just a quick note from someone who is of Greek origin, grew up there, and spends time there ...
Note that the cash transaction limit is under the TAX reform category. The reason for that, and something that every Greek is familiar with, is that
Greece is rife with tax fraud and government/business corruption, which in most cases happens with vast cash transactions. It was always an
understood and running joke amongst Greeks, that we always complain that we're all broke while at the same time walk around with huge wads of cash in
From a distance it might seem as this is a pretext to introduce a cashless society (and it might be), but on a real and practical level this measure
seems to be the only way to curb decades and a culture of under the table dealings, kickbacks, and even more sordid criminal behavior. Even something
as seemingly unrelated as the massive fires by arson we experience every summer can be traced to large cash transactions.
Listen, I am as weary of this sort of measure as anyone, but Greece is in the pooptank as we speak. They really cannot continue to do business like a
third world country. These measures whilst draconian, should they be effective in curbing the massive issues of tax evasion and corruption will
benefit everyone. The under the table culture simply needs to be changed for the situation to improve, and it needs to improve!
It may however all be way to little and way to late.
[edit on 16 Feb 2010 by schrodingers dog]