Moscovici in Charge of Budgets Prompts EU Deficits Debate
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Pierre Moscovici, the man lined up to enforce budget discipline in the euro area, is the former finance minister of an economy that’s repeatedly failed to meet its deficit goals.
At a European Parliament hearing in Brussels today to seek approval as the EU’s next economy chief, his performance in the French government and questions on how he’d treat his own country when assessing compliance with German-inspired euro-area budget rules came under scrutiny.