What's a threat scenario where cash in a fireproof safe would be a better choice than an (insured) deposit in an EU bank account or government debt money market funds?
1. A storm rolls through and a tree fell down in your driveway. The power is still out. A guy with a chainsaw shows up and offers to move it if you can pay on the spot.
2. Same situation, but a blizzard and a guy with a snowblower.
3. Small contractors often offer a significant cash discount for home improvements / repairs.
Keeping some money at home for emergencies is a completely different thing from keeping the majority of your savings in cash.
https://www.nakedcapitalism.com/2021/10/more-and-more-banks-...