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Cash withdrawal limits in France

 
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insidejob
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Joined: 14 Dec 2005
Posts: 475
Location: North London

PostPosted: Sat Mar 28, 2015 11:55 am    Post subject: Cash withdrawal limits in France Reply with quote

More Capital Controls As France Declares War… On Cash
http://www.valuewalk.com/2015/03/capital-controls-france/

Quote:
...Under the auspices of fighting terrorism, France’s Minister of Finance, Monsieur Michel Sapin, has rolled out a series of eight new restrictions aimed specifically at minimizing the use of cash....

...But that’s total BS. These restrictions are capital controls, plain and simple. And they’re designed for one single purpose: to keep people’s savings trapped in the banking system....

...Interest rates in most of Europe are negative… and likely becoming even MORE negative....
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