# In a podcast interview, Professor Nicholas Economides comments on why the Greek government is encouraging a shift away from cash and towards electronic payments that can be more easily monitored for tax purposes

1 Faculty News December 18, 2019 ![BBC_Business_Daily (190x145)](/sites/default/files/styles/246w/public/assets/images/BBC_Business_Daily.jpg?itok=-4foNa7q)>

Excerpt from [BBC Business Daily Podcast](https://www.bbc.co.uk/sounds/play/w3csy7ks?fbclid=IwAR1HrxlRZFI6XXv_rEYYh85hWGKKHfRxh5RKi9ixxNkQ1ucnd5tDm4m8EOU) -- "There is a lot of tax evasion in Greece - I would say it might be as high as 30% of national income - so it's very important for the government to reduce the use of cash because the non-reported transactions are happening in cash."

[Listen Here](https://www.bbc.co.uk/sounds/play/w3csy7ks?fbclid=IwAR1HrxlRZFI6XXv_rEYYh85hWGKKHfRxh5RKi9ixxNkQ1ucnd5tDm4m8EOU)