busy 1st of all ben let's just get to the basics here what did the french finance minister bruno lemaire have to say about libor he seemed to make a really sweeping statement of opposition to it. yeah he's very opposed to it what's interesting about his statement is it was really focused specifically on libra and not on digital currencies or even the broader spectrum of crypto currencies that are out there and i think the reason for that is because as he gets into his statement he's really focused on facebook as it into the saying that all the asli you know france needs to have solver and monetary policies and protect their sovereign monetary supply we can talk about that a minute but he also specifically talked about facebook as an entity saying that the european union in france specifically has not been able to trust facebook in the past for the things that it says it would do versus what it's actually doing and so why would we trust facebook when it comes to currency i think there is you know obviously i'm going to disagree with him in terms of trying to outright ban crypto currencies

if people are lower taxes to spur growth lemaire thinks it would work for others to get it docked on it as it were countries that have reserves must invest in the eurozone and we've believe the sooner the better some countries have to tarry capacities i'm thinking of germany in particular which should allow them to invest and to invest now so as to guarantee support for growth in the eurozone or sauce don't those who. many french firms including international banks like b.n.p. paddy bar or societe generale but also automakers like her nor in persia will would benefit from plants tax cuts and might invest more but such steps are not without controversy in france earlier tax cuts on the president which are mostly targeted at corporations and investors led to anger and strikes across the country. and let's take a look at some of the other global business stories making news. the government of saudi arabia has announced changes to its visa rules opening the country up to target for the 1st time as part of a push to reduce the desert kingdom's economic dependence on oil the rules will out

assignment so 1st of all ben let's just get to the basics here what did the french finance minister bruno lemaire have to say about.

the warning from bruno lemaire was clear france will try to blog. has the monetary sovereignty of countries is at stake he added that in these conditions we cannot authorize the development of libra on european soil. libra is the nameme of the new global digital currency being designed by facebook along with twenty seven other partners including visa uber and spotify. it would facilitate online commerce and provide financial services for the tech giant's roughghly two billllion users. but as in frane many officials around the world oppose libra they're worried about the destabilization of the global financial system as well as regulation difficulties momoney laundering and privacy. but we were told france twenty four that it will collect the bare minimum of user data. i'm not going to store in the- customer related data so basically the information that we do with the store for each transaction with the- addresses of the source and destination. the time stamp and animals. other data about the customers would not. appear there and we know the store a