Keyword: Valdis Dombrovskis

MEP cries foul at attempt to curb French commissioner's powers

Leaked memo says former finance minister Pierre Moscovici's powers in EU Commission will be shared with Latvian hardliner.

The new French EU commissioner’s austerity 'bodyguards'

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Pierre Moscovici en marge d'un Eurogroupe à Bruxelles, en mars 2014, sous l'oeil de Mario Draghi (BCE). ©CE. Pierre Moscovici en marge d'un Eurogroupe à Bruxelles, en mars 2014, sous l'oeil de Mario Draghi (BCE). ©CE.

France’s Pierre Moscovici has been named as the new European Union commissioner for economic and monetary affairs in Brussels. At first glance it appears a clear-cut triumph for President François Hollande who has installed his former finance minister in a key economic post at the heart of the EU despite German opposition. It is also a sign that the new European Commission president Claude Juncker wants to display his independence from German chancellor Angela Merkel. But as Ludovic Lamant reports, Juncker has also shaken up the Commission's structure and placed two economic hawks alongside the French commissioner. Some observers believe their main role is to stop the French “social democrat” being too soft on member countries struggling to cut their deficits – and in particular France.