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PIERRE MOSCOVICI NEWS

PIERRE MOSCOVICI NEWS

  • France's new budget minister said on Wednesday he would stick to the spending cuts planned by his predecessor, whose sudden resignation in a tax fraud investigation threw an unwelcome spotlight on the country's fiscal dilemma.

     

  • FRANCE WILL TAKE A FEW MONTHS TO PLAN 2014 CUTS - PM

    FRANCE WILL TAKE A FEW MONTHS TO PLAN 2014 CUTS - PM

    France's Socialist government, battling to cut its fiscal deficit to below an EU ceiling, will take the next few months to plan where spending cuts in 2014 will fall, Prime Minister Jean-Marc Ayrault said.

     

  • An embarrassing derailment of President Francois Hollande's 75 percent millionaires' tax may open an opportunity to water down a scheme that had damaged France's image with international investors, but he is unlikely to give up without a fight.

     

  • France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit.

     

  • FRANCE MUST REVIEW PENSION SYSTEM BY 2017 - MINISTER

    FRANCE MUST REVIEW PENSION SYSTEM BY 2017 - MINISTER

    President Francois Hollande must review France's pension system because a previous reform that drew mass street protests did not go far enough, Finance Minister Pierre Moscovici said on Wednesday.

     

  • When 20 European Union leaders gathered in Oslo's sub-zero temperatures on December 10 to celebrate winning the Nobel Peace Prize, there was an unspoken item on the agenda: banking union.

     

  • Dutch Finance Minister Jeroen Dijsselbloem would be willing to take over as head of the Eurogroup of euro zone finance ministers, his office said on Friday, after a clutch of reports linked him to the job.

     

  • Fitch Ratings stuck by its triple-A rating on France in a much-awaited review on Friday but predicted a peak in debt in 2014 at a level that it said was the maximum for a country with a top-notch credit grade.

     

  • Thursday has bought an early morning deal between EU finance ministers on a new banking supervisor.

     

  • Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro.

     

  • France and Germany are trying to agree on a candidate to chair the Eurogroup of euro zone finance ministers and a name may emerge within days, Finnish Prime Minister Jyrki Katainen said on Wednesday.

     

  • Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro.

     

  • European governments neared a deal on Wednesday to give the European Central Bank new powers to supervise banks across the bloc after Germany signalled a readiness to compromise on the scope of the ambitious financial reform.

     

  • An impasse over plans for the European Central Bank to supervise banks, the European Union's most ambitious financial reform, takes centre stage at a finance ministers' meeting on Wednesday.

     

  • The man credited with implementing key economic reforms putting Italy on the path to financial stability says he has no plans to run for re-election.

     

  • The man credited with implementing key economic reforms putting Italy on the path to financial stability says he has no plans to run for reelection.

     

  • French Finance Minister Pierre Moscovici voiced confidence in Italy's future reform path despite a new political crisis on Monday, forecasting that ex-premier Silvio Berlusconi would not return to power.

     

  • Proposed strict capital rules for European Union-based insurers should be made flexible enough to suit the needs of companies in each EU country, European insurance lobby groups said on Friday.

     

  • France's finance minister said on Friday it was too early to speculate on his potential candidacy to replace Jean-Claude Juncker as the new chairman of euro zone finance ministers, but did not rule himself out.

     

  • The hunt is on for a competent, articulate consensus-builder to succeed veteran Luxembourg Prime Minister Jean-Claude Juncker as chairman of euro zone finance ministers and help the currency bloc to emerge from crisis.

     

  • Nations in EADS agreed on the biggest shake-up of the European aerospace group since it was founded over a decade ago, opting after years of uneasy cohabitation to put its board and most of its shares beyond public control.

     

  • Shareholders in EADS reached final agreement on a radical shake-up of the European aerospace group and an announcement was due later on Wednesday, two people familiar with the matter told Reuters.

     

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