Re:France and Germany Agree to Block Facebook's Libra
by kortilla on Saturday September 14, 2019 @03:05PM
(#20972985)
It won’t. Germany already doesn’t have control of the monetary policy for the currency it uses (the Euro). Monetary policy != taxation.
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Re:France and Germany Agree to Block Facebook's Libra
by gjulianm on Saturday September 14, 2019 @03:38PM
(#20973209)
It has control as Germany is part of the Eurozone, the ECB is subjected to the EU treaty, operating under its guidelines, and is accountable to the European Parliament, in which the people of Germany have a say. Maybe it is not as accountable as we wish it were, but it is far from what Facebook would be.
Re:France and Germany Agree to Block Facebook's Libra
by squiggleblaz on Monday September 16, 2019 @02:12AM
(#20981514)
Isn't the Bank of England privately owned? Or perhaps it merely was privately owned. If Facebook does this, they had better be prepared to be nationalised.
Re:France and Germany Agree to Block Facebook's Libra
by erikpukinskis on Sunday September 15, 2019 @12:01PM
(#20977804)
Is “a vote in” and “control” really the same thing?
Re:France and Germany Agree to Block Facebook's Libra
by ivan_gammel on Sunday September 15, 2019 @05:07PM
(#20979495)
In case of Germany it’s very close to be the same thing.
Re:France and Germany Agree to Block Facebook's Libra
by devcpp on Saturday September 14, 2019 @05:51PM
(#20974064)
EU has many checks and balances, is governed by Germany and other like-minded countries, and has given lots of guarantees as well as an option to leave. If Facebook decides to discuss on that level, maybe an actual agreement could come out of that.
Re:France and Germany Agree to Block Facebook's Libra
by tripzilch on Monday September 16, 2019 @08:05AM
(#20983210)
Facebook can come and expect to discuss on the level of trust that a country gets when it has existed for less than 2 decades and has been treating its citizens/users like an authoritarian dictatorship surveillance state. There are a number of other parallels, and none of them put FB in a good light.
It's not going to be a very amicable discussion.
Re:France and Germany Agree to Block Facebook's Libra
by insulanus on Saturday September 14, 2019 @11:40PM
(#20975441)
If the EU goes tits up, Germany will be using marks again before the month is out. The EU could never have been started if member states had to give full control of monetary policy to the EU Council.