Greek cash limits should be scrapped, ECB argues
ECB says some caps are illegal and calls on competent authorities to decide on cash payment rules
Under European Union law, some provisions in draft and existing Greek regulations aimed at capping citizens’ cash use are illegal, the European Central Bank said.
The ECB issued a legal opinion that argued for the dropping of parts of a draft law proposed by the right-of-centre New Democracy government. It also called on the government to end some existing measures brought in by Greece’s last government, which was led by the left-wing Syriza party.
In particular, the ECB called for an end to
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