About: Pierre Moscovici
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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".
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.
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.
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.
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”.
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.
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).
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.
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.