Paneuropa Austria Warns Against Cash Ban!
“Cash is freedom – whoever wishes to give this up is demanding a totalitarian state.”
The cash ban, frequently advocated in recent years, is once again a political topic. Most recently, the CEO of Deutsche Bank, John Cryan, called for an end to cash. The SPD then followed suit by proposing an upper limit for cash payments.
“Cash is a printed piece of freedom; to want to abolish this freedom is the next step towards a totalitarian state!” warns Karl von Habsburg, President of the Paneuropa Movement Austria.
Upper limits for cash transactions have already been introduced in some European countries; among others, France and Italy only permit cash transactions up to €3,000. Germany is now discussing an upper limit of €5,000.
The primary argument is the fight against terrorist financing and the black market. However, it naturally also affects citizens. “The proposed figures are arbitrarily named amounts and can, of course, also be reduced to €1,000 or €500,” explains Habsburg, adding that this will inevitably lead to a cash ban.
The Paneuropa Movement Austria rejects these restrictions on individual freedom. Without cash, citizens would no longer have any way to purchase a product without it being digitally traceable. The transparent individual would become a reality. The state would have full control over all purchasing habits of its citizens. It would no longer be possible to hold savings in cash.
“This development, restricting all citizens’ freedoms in the name of combating terrorism, is extremely dangerous and should alarm civil society!” emphasises Karl von Habsburg.
Information:
The Paneuropa Union is the oldest European unification movement, founded in 1922 by Richard Coudenhove-Kalergi. Paneuropa advocates for a united Europe, freedom, family, and subsidiarity. The Paneuropa Union is active for these goals with Paneuropa organisations in 27 European countries.
