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Originally posted by schrodingers dog
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 our pockets.
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.
[edit on 16 Feb 2010 by schrodingers dog]
Originally posted by curioustype
Also, is it me or does it seem odd to leave any kind of ceiling i.e. 1,500 and above. Surely you need to outlaw cash period.
Originally posted by Hermes8
2- my guess is that checks would be considered cash
Originally posted by johnny2127
Sorry but this is a perfect example of someone posting something that does not understand the situation and just decides the reason for an action.
A huge problem in Greece is rampant corruption through every level of business and govt. The level of corruption is much worse than the US. To get just about anything done in Greece, a bribe needs to be paid. Need medical attention? Bribe. Need something done within govt? Bribe.
This is done purely to bring down costs for everyone, fight organized crime, and bring fairness and honesty back into the system. I don't agree with how they are going about it at all. Not one single bit. But that is the intention.
Originally posted by Ahabstar
Looks like a way to fight inflation by making the Euro harder to obtain. Sort of like flawless diamonds are more expensive because they are less common.
Originally posted by chefbalowe
oh my god. it really is happening. I have know it was going to happen for so long, but always not right now. Words cannot describe how scared I am right now for humanity. . It Truly has begun. We have lost. I feel sad in a way I never felt possible.
Originally posted by Cabaret Voltaire
reply to post by Hermes8
First, your title is misleading. Greece did not outlaw cash.
Second, how many times does anybody buy anything over 1500 with cash? I mean seriously. When is the last time you bought anything over 1500 with cash?
This is nothing. Untwist your panties.
Originally posted by WatchRider
"From 1. Jan. 2011, every transaction above 1,500 euros 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"
This is unclear in the way it says 'between natural persons and businesses'
Does it mean that if I sell a car for 2000 Euros to my mate it's illegal in cash? Or is it selling to a dealership (business) is illegal in cash?
Either way it doesn't look good as other EU countries could follow. I can easily see money being withheld by the bank / state only released at a trickle...
Originally posted by Violater1
Originally posted by Asktheanimals
reply to post by havok
I tend to agree with you but so much of the drug trade carried on by the CIA relies on cash. The underground economy cannot go digital so it would be kinda like shooting themselves in the foot to do it here.
That's rather astute. Had to give you a star.
Maybe the addicts will then have to go directly to gobermnt sponsored drug houses and get their meth/coke/pot ect there. Maybe not. But electro cash is coming! And it won't be good.
[edit on 16-2-2010 by Violater1]