Gosh I hope it will be overturned. My impression as an outsider is that banning large cash transactions is yet another step down a slippery slope of increasing authoritarianism in Europe. I hate to make this style of argument, but: after anonymous transactions, what will be next, restricting anonymous discussions online?

The Cold War days seem so nostalgic; it seems there was a shared camaraderie between Europeans and Americans as "Westerners", all on the same team, etc. Now as an American I feel increasingly like Europe and the U.S. are drifting apart, and policies like these are additional wedges driving the split.