Italy's Meloni may water down cash payments plan after EU talks

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Italy's Meloni may water down cash payments plan after EU talks
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Italy's Prime Minister Giorgia Meloni said on Sunday that she may water down plans to make it easier to settle small payments with cash rather than cards, following talks with the European Commission over the issue.

Meloni's right-wing government has presented a 2023 budget that scraps fines for retailers who refuse cards for payments under 60 euros , in a"Until 60 euros, we would like not to force retailers to accept electronic payments. But let's say that the 60-euro threshold is indicative, for me it could even be lower," Meloni said in a video posted on Facebook.

Italy is the biggest recipient of the EU's post-pandemic recovery fund, standing to receive around 200 billion euros through 2026. But in return, it has to comply with a series of reform "targets and milestones."

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