{"id":32213,"date":"2016-02-03T08:25:32","date_gmt":"2016-02-03T08:25:32","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=32213"},"modified":"2016-02-03T08:25:32","modified_gmt":"2016-02-03T08:25:32","slug":"there-is-some-money-we-just-do-not-need","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/02\/03\/there-is-some-money-we-just-do-not-need\/","title":{"rendered":"There is some money we just do not need"},"content":{"rendered":"<p>I noted<a href=\"https:\/\/next.ft.com\/content\/4bb9e48c-c901-11e5-be0b-b7ece4e953a0??ftcamp=crm\/email\/\/nbe\/FirstFTEurope\/product\" target=\"_blank\"> this in the FT yesterday <\/a>and did not have time to comment then:<\/p>\n<blockquote><p>The \u00e2\u201a\u00ac500 note, beloved by gangsters and Greek savers, is now being investigated for ties to terrorism.<\/p>\n<p>The EU Commission on Tuesday will pledge to investigate the suspiciously high number of the notes in circulation in the eurozone as part of a plan to choke-off financing for terrorists\u00a0in the wake of November\u2019s attacks in Paris.<\/p><\/blockquote>\n<p>For heaven's sake, why has it taken so long? Large denomination notes (even the UK's \u00a350 note) have no role in a modern economy. Surely it takes almost no brainpower to realise they should be cancelled?<\/p>\n<p>And then watch the funds creep out of the woodwork.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I noted this in the FT yesterday and did not have time to comment then: The \u00e2\u201a\u00ac500 note, beloved by gangsters and Greek savers, is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/02\/03\/there-is-some-money-we-just-do-not-need\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,35],"tags":[],"class_list":["post-32213","post","type-post","status-publish","format-standard","hentry","category-corruption","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/32213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=32213"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/32213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=32213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=32213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=32213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}