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10/29/06

Cash remains king in Europe, says study

Turkish Daily News Oct 29, 2006

"Cash remains king in Europe, says study
Sunday, October 29, 2006

LONDON - Reuters

Cash is still king for the majority of Europeans -- including Britons -- a study showed.

Some 62 percent of Europeans, equivalent to 129 million adults, want to keep cash, according to a study by the European Security Transport Association (ESTA).

Those in the Netherlands, the U.K. and France were found to be most strongly in favor of retaining cash: 75 percent, 74 percent and 70 percent respectively would not want to see it abolished, despite the rise of electronic payments. "

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