European Union to ban cash payments above €10,000
(www.theportugalnews.com)
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Capital controls. It's how you prolong the life of a dying monetary system.
I was de-banked this month by my Italian bank. Been a customer for twelve years. Never been overdrawn. However, we are now retired as of last year with no new money coming into the account. Despite a healthy bank balance apparently they no longer want my business.
Wow, that's unreal. Those things can't happen in the West, or so we like to think. I suppose when banks don't have reserve requirements for making loans (don't know if this applies to Italy) just having money in the bank is not good enough. Hope you can make an easy transition, fren.