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

greece

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.