Simply put, the data doesn’t support their assertion.
It’s just another hoax that will give them more power at the expense of your privacy and freedom.
Submitted by Tyler Durden: Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. Just days after Davos' elites discussed why the world needs to "get rid of currency," the European Commission has introduced a proposal enforcing "restrictions on payments in cash."It’s just another hoax that will give them more power at the expense of your privacy and freedom.
With Rogoff, Stiglitz, Summers et al. all calling for the end of cash - because only terrorists and drug-dealers need cash (nothing at all to do with totalitarian control over a nation's wealth) - we are not surprised that this proposal from the European Commission (sanctuary of statism) would appear...