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Markets  |  February 20, 2013 13:09:22

Cash is Trash - added to France

France is in my opinion one of the most remeasured European Union countries . Its actual economic situation is significantly worse than its image. Meanwhile try to look (perhaps by changes in GDP estimate for this year is 0.8%) that is on the side of those "healthier", but it's not true.

Budget deficit below 3% of the monitored just get, even if the government increases taxes. It will now be forced to resort to spending. And governments do not like to do. Therefore, to minimize this step, announced fight tax evasion.

Not to go after the big fish, again where after small. Disables cash payments above € 1,000 (present limit is 3.000 euros). But not for all, only to tax residents. The non-resident individuals are subject to the limit € 10,000.

France is thus attributed to   Sweden and Spain , where a similar step already undertaken (Swedes even consider the complete abolition of cash)Italians prefer to smuggle cash out of the country.

As I wrote in April last year - I do not believe that this measure will remain only in one country. It's true.

It all points to increased control over any cash operations. Thus, practically on top of everything.

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Cash is Trash – přidává se Francie

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