More from the War on Cash. The European front is the hot one at this moment as the European Central Bank flirts with the idea of sub-0% interest rates. I mean, because they are worried about terrorism.
Bloomberg Business reports that in a meeting on Friday, a group of European Union finance officials proposed ways to curb illegal transactions conducted with cash. The group recommended that the European Commission put limits on the size of cash transactions and reconsider how it regulates 500-euro bills.