The Cash Cap in Europe
The use of cash divides public opinion between those who argue that it is more convenient for payments and those who argue that it favors tax evasion and organized crime. But the European Union takes a clear position, setting the maximum ceiling at 10,000 euros. Italy is below 50%, with a maximum limit of 5 thousand euros, but the reasons are many and not always flattering. The analysis is by Davide Chiantore, Head of research of Abalone Solitaire.