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France gets key economic post in new Juncker European Commission

Former French finance minister Pierre Moscovici will take up the important economic and monetary affairs portfolio despite some German misgivings.

La rédaction de Mediapart

This article is freely available.

European Commission President-elect Jean-Claude Juncker on Wednesday unveiled his 28-person team of commissioners - offering a few surprises but largely the line-up expected beforehand, reports Deutsche Welle.

Pierre Moscovici, a former French finance minister, will take up the important economic and monetary affairs portfolio - despite some vocal reticence on the appointment from German foreign minister Wolfgang Schäuble.

His announcement as the man in charge of overseeing budgetary discipline in the debt-laden EU coincided with France saying that it would need another two years - until 2017 - to get its annual budget deficit in line with EU targets. Moscovici will be supported by a former Finnish prime minister, Jykri Katainen, and former Latvian premier Valdis Dombrovskis.

German commissioner Günther Oettinger will move from his former position as energy commissioner to take up the digital economy portfolio, a post involving the overhaul of the EU's telecoms market.

Oettinger had formerly been linked with the trade commissioner's post, amid the key negotiations on a free-trade pact with the US, but that post went to Sweden's Cecilia Malmström - formerly the home affairs commissioner.

Read more of this report from Deutsche Welle.