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Finance Ministry Announces all +3,000 Euro Transactions to be Executed via Credit Card or Check

As of today, all transactions between private parties and companies in Greece of more than 3,000 euros have to be executed using credit cards or checks only. The goal of this measure, according to the Finance Ministry, is to monitor and control transactions between private parties in the context of the fight against tax evasion. The limit of 3,000 euros will be lowered to 1,500 euros on January 1, 2012.

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