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EU Magistrate fights against Cashless economy





LUXEMBOURG (CN) — Businesses in the European Union should accept cash, but countries are allowed to place their own restrictions on currency usage, an adviser to the EU’s high court said Tuesday.

The nonbinding advisory opinion from Advocate General Giovanni Pitruzzella says companies in the 27-member political and economic union should accept euro notes because people who don’t use banks may struggle to pay with other methods, but he wrote countries can impose currency regulations so long as they are in the public interest and do not abolish the euro.

The case was referred to the Luxembourg-based European Court of Justice by the German Federal Administrative Court, following an appeal by two men who had been charged late payment fees after a German public broadcaster refused to accept their payments in cash.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.










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