Cash transactions limit to rise to 3,000 euros, pension measures within months, says Renzi

Premier says change will help consumer spending

(ANSA) - Rome, October 13 - Premier Matteo Renzi said Tuesday that the limit on cash transactions, aimed at combatting money laundering and tax evasion, will be raised from 1,000 euros to 3,000 in the 2016 budget law. "One of the things we will propose to parliament in the budget law is to take back the cash level to the European average, the French level, taking it from 1,000 to 3,000 euros," he told the RTL 102.5 radio station.
    "It's a way to help consumer spending and say 'no more terror' (from the State). That money is traced anyway".

Renzi said that changes to add flexibility to the pension system to enable people close to retirement age to quit work will be ready within months. At the weekend the premier announced that the measures would be approved next year and not, as had been expected, in the 2016 budget law. "I'm ready to wrap it up within a few months, but I refuse to do it in a scrambled way," Renzi told the RTL 102.5 radio station. "I'm extremely concerned about the danger of making a mess, like in the past".



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