Meanwhile, in Greece...

[n8rwJeTt8TrrLKPa55eU]

Trying to rival Egypt in the "Death Spiral Sweepstakes":

Cash transactions ceiling is set to drop to 500 euros
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_28/12/2012_476309

This forms part of the government’s plan to contain tax evasion and increase state revenues. Ministry officials stress that public revenues can only grow through beating tax evasion, as there can be no more cuts to expenditure except for procurements.

Somewhat reminds me of:


Greek citizens: please buy yourself some Bitcoins before your financial privacy completely disappears.

[Lethn]

Oh please, the unions are just a symptom of the problem of government over-spending, but yes, Bitcoin is going to prevent all of this if people are clever about where they store it.