Germany: As of August 2012 cash phased


For banks, savings banks and shops is the currency in circulation, a cost-and risk factor.
And the tax office cash increasingly viewed with skepticism.

Cash payers in Germany after a planned long in advance EU will soon be a flat rate of suspects.
In Germany, notes and coins for purchases by far the most widely used means of payment.
In terms of sales of the cash share is around 60 percent.
That should change quickly according to the will of politicians and banks.
Even in Germany is now one in many parts of the population is still unknown directive of the European Commission implemented, stands at the end of the abolition of cash.
With the EU-Money Directive (2009/110/EC) will be released without the path for “innovative and secure electronic money services’ cash.
The EU calls for all citizens of the Member States’ electronic purse in the form of a payment card or other smart card, “and” as storage media for electronic money (…) also mobile phones (can be paid to those too) and “online payment accounts.
There are several such EU directives.
Summarizing them, the picture becomes clear: step by step is abolished in the EU cash or paying with cash even prohibited.
Allowed in Italy for example, since the 4th December 2011 amounts above € 1000 no longer be paid in cash.
The new Italian Prime Minister Mario Monti is driving the non-cash payment under high pressure.
Monti was previously Commissioner for Financial Services and the EU worked even before the introduction of the euro in the medium-term EU plans to replace a significant portion of cash payments in the EU by means of chip cards and controlled financial flows.
All EU member states set the monetary policy of the EU currently stands at under high pressure.
In Belgium, as of now, no longer be paid in cash on goods that cost more than 5,000 €.
State Secretary in charge of tax fraud Crombez confirmed in mid-January with press reports.
Gradually, the cash sum, with the citizens should pay more, lowered further and further.
All this is being prepared in Germany: In August 2012, there we go.
In August 2012, there we go.
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