European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The European Parliament's Agriculture Committee today voted to stop the change from winter to summer time in 2020. This was announced by MEP Momchil Nekov (BSP, S & D), who is a member of the commission.
A survey of European citizens last year showed that the majority of Europeans want this practice to stop. In Bulgaria there was also a poll that showed that most Bulgarians also want to stop this shift.
In September 2018, the European Commission proposed that the EU should put an end to the change of time as early as March 2019. However, given the decision-making process in the EU and the need for sectors such as transport and aviation, this time-limit would cause turbulence and problems.
For this reason, MEPs believe that it would be most realistic and smooth to make the switch to 2020. The proposal for a directive allows Member States to change their area if they consider their choices to be a nuisance. This must be done with a notice to the European Commission.
The opinion voted today also voted texts recommending that countries explore what would be the most appropriate time for them and harmonize with each other to avoid illogical time zones and breaches of the single market.
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The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
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