Poor people without money, cash for the others

Italy’s Prime Minister Meloni

Meloni’s financial policy demands a lot from many compatriots.

(Photo: dpa)

After hundreds of amendments, protests in parliament and outside, and a great deal of chaos within its own ranks, Italy’s new government under Giorgia Meloni passed its first budget shortly before the turn of the year.

Last Thursday, the second chamber of parliament, the Senate, voted flatly in favor of the budget law after a fierce debate in the House of Representatives up until Christmas Eve. Without the Senate’s yes, the budget totaling 35 billion could only have been provisionally implemented – which would have been an embarrassment for Meloni and her coalition. Now the budget is in effect from New Year’s Day.

Particularly fierce debates raged about two measures for paying with cash. On the one hand, the plan was for retailers to be able to refuse card payments up to a purchase value of 60 euros. Cash payments should be allowed up to 10,000 euros.

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