September 11, 2014
Will France’s Moscovici (left) be effectively shackled by Finland’s Katainen (centre) and Latvia’s Dombrovskis (right)?
The new European Commission (EC) also sees the overhaul of its approach to the Eurozone. While Pierre Moscovici holds the Economic and Financial Affairs post (essentially Olli Rehn’s successor), he will be overseen by the Vice Presidents (VPs) for Jobs, Growth, Investment and Competitiveness and the Euro and Social Dialogue – Jyrki Katainen and Valdis Dombrovskis respectively.
An edge has been added to all this with quick German criticism of the decision to give former French Finance Minister Moscovici such a prominent economic post.
We have already pointed out in our full response to the new Commission that, contrary to popular belief (at least in some quarters in Germany), this does not necessarily change much – a lot of Eurozone rules are already set in stone. However, it is important to delve a bit more into who has […]