France and Germany pledge to fight Facebook’s Libra

Politico (EU) | Sep 13, 2019 at 4:25 PM
  • France and Germany on Friday threw cold water on Facebook’s plans to launch a virtual currency, saying they would combat any effort by the company to “claim monetary power”.
  • France’s finance minister, Bruno Le Maire, used the occasion to reiterate his opposition to Libra.
  • Facebook’s plans have spooked policymakers and regulators around the world, especially as the social media behemoth plans to launch Libra next year.