CroatiaThe article discusses growing concerns among Europeans regarding the potential abolition of cash, despite assurances from institutions like the European Central Bank (ECB) and the European Union that they have no plans to eliminate physical currency. While cash usage has declined in Germany, with fewer ATMs and bank branches, the ECB is working on new euro coins, and the EU is preparing regulations requiring merchants to accept cash payments. Experts emphasize that while cash is costly to maintain—estimated at around €20 billion annually—it provides social benefits such as financial inclusion and privacy, especially for vulnerable groups like the elderly and those without banking access. Meanwhile, digital payment methods come with their own costs, including transaction fees passed on to consumers through higher prices. The article highlights fears fueled by misinformation and populist narratives, but stresses that the real issue lies beyond just the method of payment.
Bias read (Center): The article presents a balanced view of the debate over cash, citing both concerns raised by citizens and experts, as well as official positions from the ECB and EU. It does not favor one side over the other and includes multiple perspectives, including economic analyses and warnings against disinfo
