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Executive Board of the ECB defends use of cash in Eurozone

In a speech by Yves Mersch, Member of the Executive Board of the ECB, at the 4th Bargeldsymposium of the Deutsche Bundesbank last week he defied the growing convention that Europe will be cash free by “insert date”, instead defending the use of cash in society. “The particularly good cooperation between the various Eurosystem central banks [...]

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