{"id":13285,"date":"2015-10-12T09:07:35","date_gmt":"2015-10-12T14:07:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13285"},"modified":"2015-10-12T09:07:35","modified_gmt":"2015-10-12T14:07:35","slug":"greek-cash-ban-escalates-imposes-permanent-stricter-capital-controls-on-3-million-pensioners-civil-servants","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13285","title":{"rendered":"Greek Cash Ban Escalates: Imposes ‘Permanent’ Stricter “Capital Controls” On 3 Million Pensioners, Civil Servants"},"content":{"rendered":"

Greek Cash Ban Escalates: Imposes ‘Permanent’ Stricter “Capital Controls” On 3 Million Pensioners, Civil Servants<\/a><\/h3>\n

In a stunning move towards the elites’ endgame of ‘banning cash’,\u00a0Greek authorities unveiled stricter capital controls for civil servants and pensioners this weekend<\/strong><\/a>. By drastically limiting cash withdrawals and forcing the more ‘controllable’ compulsory use of plastic money, Greek authorities hope to stop tax evasion through the use of ‘fake cash registers’.<\/p>\n

As KeepTakingGreece.com reports,<\/em><\/a><\/p>\n

A shock-measure: civil servants and pensioners will be subject to stricter capital controls than the rest of the Greeks.<\/strong>They will be able to withdraw only \u20ac150 per week \u2013 with the cash withdrawal cap being \u20ac420 per week \u2013 that is a total of \u20ac600 per month. The rest of their wage or pension they will have to spend by using debit or credit card.<\/p>\n

The news fell like a bombshell on Saturday evening and spoiled the weekend of millions of Greeks. It will probably spoil the rest of their lives too.<\/strong><\/p>\n

Greek media revealed, that the Finance Ministry plans to impose such a measure in order to combat tax evasion, but of course, not the tax evasion committed by the civil servants and pensioners as this is not possible as the state deducts their share on tax before they receive wages and pensions but the tax evasion committed by business owners.<\/span><\/p>\n

According to the Finance Ministry plan, civil servants and pensioners will be able to withdraw in cash only part of their wages and pensions and the rest will have to remain in their bank deposit account.\u00a0This remaining amount they will have to spend only through the compulsory use of debit or credit card.<\/strong><\/u><\/p>\n

\u201cThe measure will affect 2.65 million pensioners and 600,000 civil servants,\u201d notes newspaper\u00a0To Vima\u00a0<\/a>that revealed the shocking plan.\u00a0<\/span><\/strong><\/p>\n

The newspaper adds that with this measure, the compulsory use of plastic money, the business owner , whether a shop or a professional like doctor, plumber etc will not be able to evade taxes since all transactions will be recorded in the banking system.<\/span><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Greek Cash Ban Escalates: Imposes ‘Permanent’ Stricter “Capital Controls” On 3 Million Pensioners, Civil Servants In a stunning move towards the elites’ endgame of ‘banning cash’,\u00a0Greek authorities unveiled stricter capital controls for civil servants and pensioners this weekend. By drastically limiting cash withdrawals and forcing the more ‘controllable’ compulsory use of plastic money, Greek authorities […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[110,1035,4787,1167,3373,783,4318],"class_list":["post-13285","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-capital-controls","tag-cash","tag-cash-ban","tag-greece","tag-tax-evasion","tag-taxes","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13285"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13285\/revisions"}],"predecessor-version":[{"id":13286,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13285\/revisions\/13286"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}