About: Pierre Moscovici

Economic governance 21-11-2018

Commission launches excessive deficit procedure against Italy, saying it is ‘sleepwalking into instability’

The European Commission hedged its bets and called for the opening of an excessive deficit procedure against Italy on Wednesday (21 November) as Rome refused once again to revise its draft budget plan.
Digital 06-11-2018

Stark divisions among member states in EU digital tax plans

EU finance ministers remain divided over a raft of issues in the European Commission's digital services tax (DST) plans after a meeting on Tuesday (6 November) drew attention to a plethora of challenges in reaching a consensus.
Digital 05-11-2018

Some countries ‘more comfortable’ with interim deal on digital tax, EU diplomats say

Some EU member states are likely to feel “more comfortable” with a temporary agreement on the EU’s digital tax plans rather than wait for international consensus, EU diplomats said on Monday (5 November), ahead of a meeting of EU finance ministers.
Digital 30-10-2018

UK takes lead in digital tax standoff but diverts from EU plans

The UK is to roll out a digital services tax (DST) for tech giants from April 2020 in a move that breaks an international stalemate on the subject. The rates, however, differ substantially from the EU’s own DST plans.
Economy & Jobs 26-10-2018

Member states must not let Commission stand against Italy alone

The rejection of Italy’s draft budget by the European Commission on Tuesday is unprecedented in the history of the Stability and Growth Pact. Member states cannot sit idly by but must take a more active role in the political conflict over fiscal sovereignty.
Digital 12-10-2018

Digital tax to come by Christmas, Moscovici says

The EU's Economic and Financial Affairs Commissioner Pierre Moscovici has rallied the cause for an EU-wide digital tax to be rolled out in time for Christmas, amid a raft of opposition on the plans from member states, legal experts and industry associations.
EU Elections 2019 11-10-2018

Timmermans, the right-hand of Juncker, eyes EU throne

Frans Timmermans confirmed on Wednesday (10 October) that he wants to succeed Jean-Claude Juncker as president of the European Commission next year, dismissing concerns that he has made too many enemies to stand a fighting chance of succeeding his current boss.
EU Elections 2019 04-10-2018

Moscovici out of Commission race due to lack of French support

French EU Commissioner Pierre Moscovici announced that he would not be a Spitzenkandidat during May's European elections because he lacks support at home. EURACTIV France reports.
Elections 02-10-2018

Juncker raps Italy for putting euro at risk, Di Maio denounces fiscal ‘terrorism’

A war of words took place days after Rome announced a big spending boost in defiance of the European Union that has spooked the markets and has EU capitals fearing a return of the debt crisis.
Economy & Jobs 28-09-2018

Moscovici slams Italy budget as stocks plunge

The European Union on Friday (28 September) issued a stern warning to Italy's populist leaders following their defiant pledge to increase spending and run a budget deficit that risks putting Rome on a collision course with Brussels.
Politics 26-09-2018

Moscovici: Eurozone needs a budget to counter populism’s ascent

The European Union's answer to stop a rise of populist politics within its borders must start with a budget to help bind its members closer together and address economic inequality that tears at its seams, one official said on Tuesday.
EU Elections 2019 19-09-2018

Austrian ex-chancellor Kern to run for centre-left Spitzenkandidat

As expected, opposition leader Christian Kern said yesterday (18 September) he would run as top candidate for the Austrian Social Democrats in the European Parliament elections next year, aiming to help build a strong counterweight to growing nationalist forces.
Economy & Jobs 20-08-2018

Commitments have to be respected, EU tells Greece

Greece will now be “a normal country” but the reforms and the ambitious fiscal targets agreed with its lenders must be respected,  the Commissioner for economic affairs, Pierre Moscovici, said on Monday, the day the Hellenic nation exited its bailout programme.
Economy & Jobs 20-08-2018

Greece exits bailout programme but faces hard times ahead

Greece concluded its rescue programme on Monday (20 August), marking a milestone in its recent history and the end of the most difficult period for the euro area, but analysts and officials said the country faces an uphill struggle to maintain its economy sustainable.
China 23-07-2018

Moscovici blasts Trump over ‘inappropriate’ trade sanctions

EU finance chief Pierre Moscovici fired a barb at US President Donald Trump on Sunday (22 July) as he called on both sides of an ongoing global trade dispute to "act as allies".
G20 23-07-2018

Europeans press for digital tax at G20 meeting

European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday (22 July), putting them at odds with US counterparts.
Economy & Jobs 12-07-2018

Trade war starts to dent European growth

The European Commission cut expected EU growth for this year by 0.2% compared to its forecast less than three months ago, as output was weaker than expected during the first semester and external risks, especially the trade war, are on the rise.
Economy & Jobs 11-07-2018

Commission approves close surveillance of Greece after bailout

The European Commission adopted a set of measures on Wednesday (11 July) to closely monitor Greece's fiscal policy after it concludes an eight-year-long bailout programme on 20 August, closing one of the darkest chapter's in the single currency's short history.
Economy & Jobs 04-07-2018

Moscovici warns Mitsotakis not to undermine Eurogroup’s deal on Greece

EU Economics Commissioner Pierre Moscovici has warned Greek conservative opposition leader Kyriakos Mitsotakis not to undermine the credibility of Greece's deal with the Eurogroup and the exit of the country from the bailout “for reasons of internal politics”.
Economy & Jobs 04-07-2018

New Democracy scolds Moscovici for backing clean exit from bailout

Greece’s conservative main opposition party “recommended” to EU Commissioner for Economic and Financial Affairs Pierre Moscovici to be “more careful” in his public speeches when he praises the government and the country’s exit from the bailout.
Economy & Jobs 01-06-2018

Unemployment peaks to trigger new investment shield

A spike in unemployment numbers would give EU countries access to €30 billion of soft loans to maintain investment in times of economic turbulences, according to proposals unveiled by the European Commission on Thursday (31 May).
Economy & Jobs 23-05-2018

Commission demands ‘credible response’ from Italy to reduce debt

The European Commission on Wednesday (23 May) approved Italy’s efforts to balance its public accounts but asked the new government for a “credible response” in order to further reduce its immense public debt.
Future EU 23-05-2018

An Italian job to shield the euro

Market pressure, the strong hand of EU institutions and the limits of power will determine how far the new Italian government will go in shaking up the eurozone’s status quo.
Economy & Jobs 03-05-2018

Trump’s policies could throw EU’s economic expansion ‘off track’, warns Commission

The European economy is expected to continue growing at a robust pace, but faces negative spillovers from the fiscal stimulus and trade restrictions adopted by US President Donald Trump, the European Commission warned on Thursday (3 May).