European Cash May Not Make It to Christmas…

13.06.2017 • Switzerland

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Olivier Perrin – The Brave Little Economist (Switzerland) –

The European Commission recently conducted a consultationThe use of cash[1]. It has not yet made public the results of this consultation, butThe European Parliament has already ruled in favor of a restriction of cash. [2]

According to the consulting firmCap GeminiThe banks will be ready for the end of the cash as of 2018in Europe. [3]

The official objective is to fight the financing of terrorism, but according to the economist Henri Bourguignat, professor at the Montesquieu University of Bordeaux,The end of cash would enable the public authorities to tax saving without a possible loophole. [4]

But you ? What do you think ? Are you to keep your coins and bills or so that they disappear:

 

Contre la fin de l'zrgent liquide Pour la fin de l'argent liquide
I do not want cash to disappear No thanks, I do not want any more cash

 

Thank you for your participation !

To your good fortune,

Olivier Perrin, the valiant little economist

 

Notes:

[1] https://ec.europa.eu/info/consultations/eu-initiative-restrictions-payments-cash_en

[2] http://www.eesc.europa.eu/?i=portal.en.eco-opinions.41281

[3] https://www.worldpaymentsreport.com/kriis#KRIIs-Clustered-by-Primary-Objectives-2015

[4] http://www.lemonde.fr/idees/article/2016/03/02/vers-la-disparition-de-largent-liquide_4875004_3232.

-Read more at www.le-vaillant-petit-economiste.com (French)-

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