Greece Tries to Squeeze Stone
February 18, 2010 Economics and Finance 2 CommentsBy Arran Gold
The financial difficulties are forcing the hand of the Greek government and one of the steps being taken is to reduce the number of cash transactions. The amazing thing about this effort is the low threshold.
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
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