Moscovici Says Confident Will Have Important Economic Role In EU Commission
France’s candidate for the European Commission Pierre Moscovici told Reuters on Wednesday he is convinced he will have an important economic portfolio, rebuffing German concerns that France lacked the budget credibility to take such a job. President Francois Hollande proposed his former finance minister on Tuesday to be France’s representative in the next European Commission, which takes office early November. A keen admirer of Keynesian economics, Moscovici said it was crucial for Europe to refocus on growth and jobs via higher investments. However Germany, the EU’s biggest economy, has voiced reservations about France’s interest in the powerful economic and monetary affairs job, given its failure to respect the bloc’s deficit limits.
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