A proposal by the German finance minister to introduce a ceiling for cash payments to help combat money laundering and the financing of terrorism has been strongly criticised within Germany. According to Bundesbank statistics, around 79 % of payments are made in cash, which has led to complaints, including the OECD, that this makes money laundering easier. Herr Schaeuble had suggested that a €5,000 limit be placed on cash transactions, but said that it would be need to be implemented at a Europe-wide level in order to be effective.