My bank account's got robbed by European Commission. Over 700k is lost.

[infested999]

Are the cash withdrawal limit waves already? If so, it's not that hard to get the cash out. If this is true I'd advise anyone to do this ....

Capital control is still enforced. ATM limits are the same. From personal account you cannot withdraw more than 300 EUR daily. 5000 EUR is maximum monthly allowance for transfers abroad.
Business accounts can transfer more but every wire to be approved by bank (and they often refuse).

sad. and others in europe will follow.  

In Belgium cash payments above 3000 euro's are already forbidden.

In Spain is worse, you can pay only up to 2,500€

Can one not pay his taxes in cash?

http://www.youtube.com/watch?v=88bCYz66z4Q

he was foreclosed.

On the mid left, "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE"

[wachtwoord]

Are the cash withdrawal limit waves already? If so, it's not that hard to get the cash out. If this is true I'd advise anyone to do this ....

Capital control is still enforced. ATM limits are the same. From personal account you cannot withdraw more than 300 EUR daily. 5000 EUR is maximum monthly allowance for transfers abroad.
Business accounts can transfer more but every wire to be approved by bank (and they often refuse).

sad. and others in europe will follow. 

In Belgium cash payments above 3000 euro's are already forbidden.

In Spain is worse, you can pay only up to 2,500€

Can one not pay his taxes in cash?

In the Netherlands you cannot as far as I'm aware (bank account is mandatory).

[marcus_of_augustus]

Are the cash withdrawal limit waves already? If so, it's not that hard to get the cash out. If this is true I'd advise anyone to do this ....

Capital control is still enforced. ATM limits are the same. From personal account you cannot withdraw more than 300 EUR daily. 5000 EUR is maximum monthly allowance for transfers abroad.
Business accounts can transfer more but every wire to be approved by bank (and they often refuse).

sad. and others in europe will follow. 

In Belgium cash payments above 3000 euro's are already forbidden.

In Spain is worse, you can pay only up to 2,500€

Can one not pay his taxes in cash?

Interesting point ... cash has been abolished as legal tender by proxy ... I wonder if there will a test case in the courts some day that put these asinine cash maximum laws against the long standing legal tender statutes?

[xchrix]

In Belgium cash payments above 3000 euro's are already forbidden.

what do you mean with "cash payments"?? when you go to a car dealer for example you are not allowed to buy a 10.000 EUR car with cash??? i dont think someone can forbid this.

[wachtwoord]

In Belgium cash payments above 3000 euro's are already forbidden.

what do you mean with "cash payments"?? when you go to a car dealer for example you are not allowed to buy a 10.000 EUR car with cash??? i dont think someone can forbid this.

Whether something is forbidden by law and whether a law can be enforced are two completely different things. Think of the smoking ban

[bernard75]

In Belgium cash payments above 3000 euro's are already forbidden.

what do you mean with "cash payments"?? when you go to a car dealer for example you are not allowed to buy a 10.000 EUR car with cash??? i dont think someone can forbid this.

Its actually quite easy. They cant stop anybody from not accepting cash, but as soon as you want to turn it into the current universally accepted payment method at a bank you would run into problems.
BTW: Italy went completely overboard and is pushing for a 300€ limit.

[kuusj98]

Are the cash withdrawal limit waves already? If so, it's not that hard to get the cash out. If this is true I'd advise anyone to do this ....

Capital control is still enforced. ATM limits are the same. From personal account you cannot withdraw more than 300 EUR daily. 5000 EUR is maximum monthly allowance for transfers abroad.
Business accounts can transfer more but every wire to be approved by bank (and they often refuse).

sad. and others in europe will follow. 

In Belgium cash payments above 3000 euro's are already forbidden.

In Spain is worse, you can pay only up to 2,500€

Can one not pay his taxes in cash?

In the Netherlands you cannot as far as I'm aware (bank account is mandatory).

True, and, we can't get more that I think 1K of the bank, we have to call and go trough a procedure to take more than 1K of our account, which I guess is for safety reasons but still dumb...

[bernard75]

Which country is that?
And its not security concerns but plain and simple control.

[dserrano5]

BTW: Italy went completely overboard and is pushing for a 300€ limit.

Err… wow, do you have a source for that?

[bernard75]

http://www.wikileaks-forum.com/index.php?topic=17763.0

[tinus42]

Eventually they are going to outright abolish cash. Make everything electronic and traceable by TPTB.

Sweden is poised to become the first cashless country:

http://www.bloomberg.com/news/2013-04-10/era-of-paper-money-dies-out-in-sweden-as-virtual-cash-takes-over.html

[molecular]

BTW: Italy went completely overboard and is pushing for a 300€ limit.

WTF ?!? Can't find this, source?

[bernard75]

Did you try the link 2 posts above yours?

[BitAddict]

Eventually they are going to outright abolish cash. Make everything electronic and traceable by TPTB.

Sweden is poised to become the first cashless country:

http://www.bloomberg.com/news/2013-04-10/era-of-paper-money-dies-out-in-sweden-as-virtual-cash-takes-over.html

They don't know that bitcoin will be the new "cash"

[molecular]

Eventually they are going to outright abolish cash. Make everything electronic and traceable by TPTB.

Sweden is poised to become the first cashless country:

http://www.bloomberg.com/news/2013-04-10/era-of-paper-money-dies-out-in-sweden-as-virtual-cash-takes-over.html

They don't know that bitcoin will be the new "cash"

In this article with "cash" they mean: "fiat paper money cash". They fail to see (or mention) bitcoin is cash, too (albeit the url contains the words: "virtual cash"). They would probably categorize bitcoin as something other than cash.

[wachtwoord]

Eventually they are going to outright abolish cash. Make everything electronic and traceable by TPTB.

Sweden is poised to become the first cashless country:

http://www.bloomberg.com/news/2013-04-10/era-of-paper-money-dies-out-in-sweden-as-virtual-cash-takes-over.html

They don't know that bitcoin will be the new "cash"

In this article with "cash" they mean: "fiat paper money cash". They fail to see (or mention) bitcoin is cash, too (albeit the url contains the words: "virtual cash"). They would probably categorize bitcoin as something other than cash.

World changing paradigm shifts are very hard to comprehend for a lot of people. Give them time

[tinus42]

Eventually they are going to outright abolish cash. Make everything electronic and traceable by TPTB.

Sweden is poised to become the first cashless country:

http://www.bloomberg.com/news/2013-04-10/era-of-paper-money-dies-out-in-sweden-as-virtual-cash-takes-over.html

They don't know that bitcoin will be the new "cash"

I bet that when Sweden becomes totally "cashless" Bitcoin will become very popular there. It is an illusion that you can get rid of the black market by making paper money obsolete.

[cr1776]

Cyprus claims that they'll lift the controls in January 2014.  Any bets on that occurring then?  I know I would not bet on it!

“The controls are being lifted,” President Nicos Anastasiades told Bloomberg. “They will end within a timeframe of January 2014.”  A finance ministry spokesman sounded more cautious, noting that, while Cyprus was working towards lifting the restrictions “by early next year”, the control on the international movement of capital “might be the last to go”.

http://www.telegraph.co.uk/finance/financialcrisis/10319005/Bailed-out-Cyprus-plans-to-lift-capital-controls-next-year.html

[tinus42]

Cyprus claims that they'll lift the controls in January 2014.  Any bets on that occurring then?  I know I would not bet on it!

“The controls are being lifted,” President Nicos Anastasiades told Bloomberg. “They will end within a timeframe of January 2014.”  A finance ministry spokesman sounded more cautious, noting that, while Cyprus was working towards lifting the restrictions “by early next year”, the control on the international movement of capital “might be the last to go”.

http://www.telegraph.co.uk/finance/financialcrisis/10319005/Bailed-out-Cyprus-plans-to-lift-capital-controls-next-year.html

Anastasiades enabled all his friends and the Russian oligarchs to transfer all their money out of the country whilst shafting the ordinary citizens with big bank accounts. Cypriots should heavily distrust this cretin. But then the same is true for all Eurocrat politicians.

[cr1776]

+1.  I wouldn't bet on them lifting the controls, particularly since I've seen discussions stating they will need more bailout money, not less, and that would mean they are just lying through their teeth here in order to trap more money from those who trust them in Cyprus so that it can be plundered.

It is disgusting what these authoritarian statists will do to maintain their own power and wealth.

Cyprus claims that they'll lift the controls in January 2014.  Any bets on that occurring then?  I know I would not bet on it!

“The controls are being lifted,” President Nicos Anastasiades told Bloomberg. “They will end within a timeframe of January 2014.”  A finance ministry spokesman sounded more cautious, noting that, while Cyprus was working towards lifting the restrictions “by early next year”, the control on the international movement of capital “might be the last to go”.

http://www.telegraph.co.uk/finance/financialcrisis/10319005/Bailed-out-Cyprus-plans-to-lift-capital-controls-next-year.html

Anastasiades enabled all his friends and the Russian oligarchs to transfer all their money out of the country whilst shafting the ordinary citizens with big bank accounts. Cypriots should heavily distrust this cretin. But then the same is true for all Eurocrat politicians.