EU to limit cash transactions: what does that mean for citizenship?

MATTHIAS BALK

A bank employee holds 5,000 euros in 500-euro notes at a Sparkasse bank in Munich, Germany, 3 February 2016. Germany is considering imposing an upper limit on payments in cash as part of its fight against terrorism and money laundering.

A debate central to modern citizenship takes place between experts alone


Renegotiating the relation between the EU, State, society, our wallets and our cash is a sensitive issue. Within the Eurozone, bail-ins and capital controls have eroded trust in the social contract, national and European.

Still, less than a week ago, the European Commission published a proposal to limit the sum of money that can be paid in cash transactions.

The regulation of the monetary media brings to the fore questions as ancient as power itself. In ancient times, feudal lords and woul...


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