Controversy in Germany over plans to cap cash transactions

A proposal by German Finance Minister Wolfgang Schaeuble to introduce a ceiling for cash payments to help combat money laundering and the financing of terrorism came under fire in Germany Thursday. In a country where people still overwhelmingly prefer to pay in cash, even the central bank or Bundesbank was critical of the government's proposal. "For citizens, any restriction in the usage of cash is a infringement on their personal economic liberty," said Carl-Ludwig Thiele, who is responsible fo