France Plans to Prohibit Cash Payments Over €1,000

http://economicrisis.com/france-plans-to-prohibit-cash-payments-over-e1000/402

France Plans to Prohibit Cash Payments Over €1,000

One of the best things about covering payments news is that you never run out of stories where various myopic governments attempt to restrict the flow of cash in a squeeze for revenue.

France becomes the latest as Prime Minister Jean-Marc Ayrault plans to erect new controls on cash transactions in order to tighten up tax collection and meet the country’s optimistic budget deficit target of 3% of GDP. The government needs euros and they need some fast.
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