Austria targets constitutional protection of cash

The potential elimination of cash rumoured to be on the table on the backstage of the European Union, connected to the debate around cash being used to finance crime and terrorism, sparked controversy in Austria, with some political leaders calling for the 'right to cash' to be included in the country's Constitution.

• Primary Source

TIME, 17.02.16: Why $100 Bills and €500 Notes May Soon Be Killed Off http://time.com/money/4226174/kill-100-dollar-bill-500-euro-phase-out/

ESO: Background information: Council conclusions on the fight against the financing of terrorism http://www.europeansources.info/record/press-release-council-conclusions-on-the-fight-against-the-financing-of-terrorism/

The Guardian, 12.02.16: Criminal links of €500 banknote could spell its demise http://www.theguardian.com/business/2016/feb/12/criminal-links-of-500-euro-banknotes-demise

EurActiv, 04.03.16: Bundesbank unsure about phasing out €500 notes http://www.euractiv.com/section/euro-finance/news/bundesbank-unsure-about-phasing-out-e500-notes/

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