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A comment on France and Germany Agree to Block Facebook's Libra. Parent comment

Re:France and Germany Agree to Block Facebook's Libra by aazaa on Saturday September 14, 2019 @10:54AM (#20971154)
Germany has profited immensely from the use of the euro in foreign trade. Had it kept the Deutschmark, German exports would be by some esteems 25% more expensive than they are now, given the strong fiscal position of the country.

Germany is in a unique position of being able to jawbone about devaluation and monetary policy while reaping the rewards of spendthrift member states.

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Re:France and Germany Agree to Block Facebook's Libra by WanderPanda on Saturday September 14, 2019 @11:17AM (#20971306)
When you replace "Germany" with the german state or its tax revenue I would agree. Having a low value / devaluing currency goes to the disadvantage of people getting their salary in that currency.
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Re:France and Germany Agree to Block Facebook's Libra by dnautics on Saturday September 14, 2019 @11:25AM (#20971365)
it's also great for people running businesses which exist to nominally try to protect wage earners of that currency from inflation, e.g. pension funds, investment firms, CEOs.
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Re:France and Germany Agree to Block Facebook's Libra by bitL on Saturday September 14, 2019 @11:15AM (#20971295)
Germany's upper class benefited both from Euro and keeping salaries of their employees low.
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Re:France and Germany Agree to Block Facebook's Libra by WanderPanda on Saturday September 14, 2019 @11:18AM (#20971313)
that!
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