With a booming black economy and the highest number of small businesses in Europe, cash is still very much king in Italy and Giorgia Meloni’s new right-wing coalition wants to keep it that way.
While the rest of Europe hurtles towards a cashless society, cash-dependent Italy is stubbornly resisting.
Meloni’s newly installed government has put forward proposals to help the country’s backbone of small businesses by prolonging the lifespan of cash. In the process, she is locking horns with the EU and her own central bank, who complain high cash usage is fuelling the black economy and enabling tax dodging.
The economy’s the economy, whether white, grey (tax dodging) or black (illegal). It’s the accumulation of what tens of million of people do, wish to do and how they do it and wish to.
Demanding that it all be white so that the bureaucracy can take its vigorish off the top is to put the interests of the bureaucracy above those of the people.
How fun that we’ve the far-right neo-fascists arguing for the people, the EU for the bureaucrats.