Petition “No Libra – Stop Facebook money”

Finance Watch Petition “No Libra – Stop Facebook money”

“Dear Mrs President-elect of the European Commission, Ursula von der Leyen,

dear Mr President of the European Central Bank, Mario Draghi,

dear Mrs Candidate for President of the European Central Bank, Christine Lagarde,

Facebook unveiled its plans to deeply transform our monetary system with the introduction of a new global “digital currency” to be called Libra. Having already infiltrated our private lives with its Social Media business model, the tech group is now preparing together with other private companies to take control over another crucial area: money. Libra could destabilise our financial system and concentrate power in unaccountable hands – a dangerous experiment at our expense. Facebook wants to put its plans into practice as early as the beginning of 2020. We must act now!

That is why we demand:

Stop the private currency Libra before it is introduced in the market!
Stand up to Facebook and limit its power!”