Is facebooks new crypto currency a threat to Central Banks leading g 7 economies say they need to act fast to contain libra before it debuts in 2020 we have the details. And next time you. Take a good look under the hood things are popping up from brazil to iran. This is your Business Report im stephen beards in berlin thanks for watching how seriously are governments taking facebooks plans to launch its cryptocurrency currency libra next year serious enough that Finance Ministers from 7 leading global economies spent much of wednesday talking about how to rein in the coin they focused on concerns like Money Laundering and Data Security but they also worried about what libra might mean for the global monetary system. The castle north of paris provided grand surroundings for the big discussion of the day arriving in shanty financial
leaders said they were determined to ensure the Regulator Recrown was prepared for the arrival of Facebooks Libra the given finance the g 7 Finance Minister
it s not good for the american brand and will take us a long time to recover. i have this theory every day after the invention of this device, we ve lost our ability at consensus because this device and the conversation on it means that everyone pipes up and we don t reach consensus on much anymore. 2013 there you are at that hearing. looking back on what has happened since, did you do as much as you possibly could? did you warn everyone you possibly could of what you knew already was underway and rolling our way? well, brian, one of the things i found going into the government and having been a journalist for all these years like we both have been was the realization government was the worst messenger for the message it wants to get out there. why? because they don t know how to create content and also because they are the enemy of all the people that were trying to tweet against, whether it s isis or the russians or the turks or who
the kurds. and even donald trump had said that before, that they died for us. so it s not good for american public diplomacy. it s not good for the american brand, and it will take us a long time to recover. i have this theory that every day after the invention of this device, we ve lost our ability at consensus because this device and the conversation on it means that everyone pipes up, and we don t reach consensus on much anymore. 2013, there you are at that hearing. looking back on what has happened since, did you do as much as you possibly could? did you warn everyone you possibly could of what you knew already was under way and rolling our way? well, brian, one of the things i found going into the government and having been a journalist for all these years like we both have been, was the realization that government is actually the worst messenger for the message it wants to get out there. why? in part because they don t really know how to create content, and also because they
public diplomacy. it s not good for the american brand and will take us a long time to recover. i have this theory every day after the invention of this device, we ve lost our ability at consensus because this device and the conversation on it means that everyone pipes up and we don t reach consensus on much anymore. 2013 there you are at that hearing. looking back on what has happened since, did you do as much as you possibly could? did you warn everyone you possibly could of what you knew already was underway and rolling our way? well, brian, one of the things i found going into the government and having been a journalist for all these years like we both have been was the realization government was the worst messenger for the message it wants to get out there. why? because they don t know how to create content and also because
finance minister bruno lemaire used the opportunity to his counterparts to join france in taxing many of the biggest internet firms. and a cool new lucidly this is an agreement between the g 7 nations would be decisive if we don t reach consensus at this level though over these 2 days it will be very difficult to reach consensus among the 129 members of the o.e.c.d. . shante has a great history of horse racing mr lemaire was treated to a tour of its famous stables with challenges such as leave are on their way the g 7 seems determined to get a head start. in new antitrust regulators will investigate online retailer amazon to see if it uses data from 3rd party merchants to improve its own market position the own. from the office of the e.u. competition commissioner a stocker follows complaints from merchants who say click and purchase data on