Pierre Moscovici - European Union


Last quote by Pierre Moscovici

We are talking about a range of very considerable commitments… these prior actions involve 140 measures, and they are not minor reforms. I briefed the Eurogroup that 104 of the 140 mentioned could already be regarded as done. Indeed today the number was raised slightly because further progress was achieved so we stand now at 115 completed actions.feedback
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May 23 2017 Greece
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Pierre Moscovici is associated, including European Union and EU Council. Most recently, Pierre Moscovici has been quoted saying: “Based on the available information at this stage, and reassurances that we received from the Portuguese government, we do not expect to put at risk the durable reduction of the deficit. So it's a very clear and unanimous decision of the Commission and we clearly share the same point of view.” in the article Portugal no longer breaking EU budget deficit rules.
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Pierre Moscovici quotes

We have the feeling that Mnuchin and Cohn are sensible people with whom we can discuss things, who are conscious of what an open economy requires.feedback

The problem is that today, we have a lot of discipline but we also have a lot of divergence. If it's only strong in the north of Europe and weak in the south, In the north they might say, why do we pay for those lazy people? In the south they can see that their economy's weakening compared to the north, this is why again we must build convergence.feedback

Some economies have efforts to make – but some other countries, which have room for manoeuvre as well as fiscally or through their current account surplus, can dedicate more of those toward investment.feedback

EU citizens can no longer accept that multinationals don't pay taxes or pay less than they should. Legal certainty will come from common rules across the EU to tackle frauds. This should not be used as a political alibi to stop our reforms.feedback

It's true that the French are less European than ever, and there is the sense that Europe is less French than ever. But the French are instinctively, natively, ontologically European. They really don't have the desire to turn the page, to leave. A 'Frexit,' that's a fantasy.feedback

It cannot be the same to be a member of the club and to be out of the club.feedback

We have a new administration in Washington which still has to define precisely its narrative, especially in the context of what was said in the campaign. I think Mnuchin is an articulate, constructive and pragmatic man. More work needs to be done to find common ground. It was not ready here. It is not a total surprise.feedback

It is not the best meeting we had, but we avoided backtracking. I hope in Hamburg the wording will be different. We need it. It is the raison d'etre for the G20.feedback

Germany started last year to boost public investment as we wanted, it has do more and we will closely follow the evolution of this situation, which is key for the euro area, and we will make the necessary recommendations in the spring and we will then judge on the basis of the actions taken by the next government.feedback

We still need to narrow our differences in terms of fiscal projections and we still need to agree on all details of the policy package to conclude the second review.feedback

That means that the international trading and security architecture to which we owe our unprecedented peace and prosperity is also threatened as never before. So let us mobilize.feedback

An agreement on the way forward for the Greek programme is absolutely necessary .... With (a) little effort from all stakeholders, (it) seems to me doable.feedback

The IMF is a very important partner, we want the IMF to be on board. We need to have an agreement including the IMF because it is a guarantee, a security for Greece. But well, we're going to discuss on and on until Monday the 20th of February so as to bring everybody on board and so that everybody feels comfortable with the parameters of what could be a compromise.feedback

I am confident that if efforts are made by all sides, yes, we can make very good progress and move towards that agreement. When I look at the figures I see that Greece has recovered now.feedback

With uncertainty at such high levels, it's more important than ever that we use all policy tools to support growth.feedback

I don't think this is a very informed judgment, the euro is not going to collapse, neither in 18 months, not in 10 years, nor in 20 years. We have a single currency, which is a major factor of unity among us, it is no use trying to divide the European Union. The reports of my death are greatly exaggerated.feedback

Brexit, respectable but regrettable. It's a wake-up call for us. We need to co-operate more because union is the best way to co-operate for our member states. Second, of course Europe will be there, and I can tell Joe Stiglitz, that hopefully, Euro will also be there. But we need to do what's necessary for it to be capable of creating convergence between our economies.feedback

I'm not worried, I think this idea that Brexit is going to be contagious is a fantasy, a bad fantasy.feedback

We have the capacity to deal with the situation and it will be dealt with from both in Italy and at the European level.feedback

I am confident there will be no such crisis. We have the means to resist any kind of political shock in Europe.feedback

I'm very confident in the capacity of the eurozone to resist all kind of shocks.feedback

Populism is not inevitable. The extreme right is not irresistible.feedback

The discussions continue, the positions are getting closer, but there is still work to be done.feedback

We are not considering a fourth programme. We are in the third programme and three is a lot. What we would like is that programme to be a success so that there is an exit from the programme. That is clearly our target.feedback

What I hope is that, trying to find a compromise and in the spirit of progress for Greece and for the eurozone, we can reach a staff level agreement before the end of this week so that we can have a successful Eurogroup on December 5, opening the way to what I am looking for – a package deal, a global agreement.feedback

We consider that the figures don't adapt when we look at the structural effort required by the EU Council. We are very conscious, and the EU council also, that Italy is on the frontline to welcome refugees and has to be taken into account, than we have to examine the figures.feedback

We are proposing a system which can simultaneously support business, attract investors, promote growth and stop large-scale tax avoidance.feedback

If we have the second review completed, then before the end of the year it would mean the Greeks have met their responsibilities and the euro zone must also take their responsibilities and be available for a discussion on debt.feedback

This should normally open the way to the disbursement of the remaining 2.8 billion euros. As often in the Greek issue, things are done a bit at the last minute, but they are done.feedback

All remaining milestones have been completed.feedback

One could have wished to see more progress than we have? but what I state is that we have seen in recent days an intensification of efforts by the Greek authorities.feedback

I will relaunch this semester a plan for a CCCTB (Common Consolidated Corporate Tax Base).feedback

That doesn't mean that everything is done. We still have a way to go and there are discussions taking place and the need to complete some milestones for the first review and also to discuss the so-called second review.feedback

It's a good signal that the process (can) accelerate, that we have a new prime minister (in the U.K). Because as I said, there can be a negative impact of Brexit economically. Volatility is bad for all of us. The impact on the real economy can be substantial - and I'm not talking just about the markets - and it can also be reduced. It really depends on us.feedback

We expect the increased uncertainty to reduce U.K. GDP by 1 to 2.5 percentage points by 2017 compared to the baseline scenario of remaining (in the EU). In the 27 EU member states and in the euro area the impact could be between 0.2 and 0.5 percentage points.feedback

Those financial consequences could be equal to zero, because we have also to take into account the fact that these countries have suffered of very severe economic crisis and that they are now recovering.feedback

It's a very sad moment for those who love Europe, but it's also a moment to reinvent the economic project.feedback

It is certainly a new start for Great Britain, because the U.K. chose another future than being in the EU. We'll have to define a new special relationship with the U.K., and we'll have to negotiate the way the Brexit happens.feedback

It's really about shared interests, for the British and for the Europeans, that we don't work on another scenario. After we will see what happens the day after.feedback

The Greek authorities have done 95 per cent of changes necessary but not all is finalised. Some changes have to be made in the coming hours.feedback

I am confident Athens will use the time before the Eurogroup to finalise the limited issues that are still open.feedback

We have no plan B for Brexit. The mood around the table (at G7) is that our partners want Britain to remain in Europe.feedback

We also take into account, and i think nobody should blame us for that, the fact that these (Spain & Portugal) are two countries that have suffered the crisis with full force, which still have very extremely high levels of unemployment and which have made significant reform efforts.feedback

It is nearly impossible to construct fiscal rules that satisfy everyone at any time and any situation.feedback

European growth is holding up and (that) means that the efforts being made are paying off.feedback

I can tell you that there was very good progress in Athens. In my view, we are close to an agreement.feedback

Good progress has been made in recent ... days and more still needs to be done to reach a point where we could conclude the review (of the Greek reforms).feedback

The political will to find an agreement is there on all sides. We need to have all the reforms ... legislated in a credible manner.feedback

The memorandum of understanding (with Greece) does not speak about decades. The MoU speaks about 2018 and what we want to meet is 3.5 percent in 2018.feedback

Our forecasts are built on the assumption of no policy change and for the UK we know what no policy change means of course so we are not going to comment … especially not on this issue.feedback

It is a lot of crises, but these are European problems, but they are also international. The idea that you could find national solutions to these problems which are international is a lie. If there was a vote for Great Britain to leave the EU, it will be an inversion of the historic dynamic of the past years which has seen more countries join the bloc.feedback

No, no and no, there is no plan 'B'. It doesn't help us in any way to envisage disaster scenarios.feedback

The day we start talking about a plan 'B' is the day we no longer believe in our plan 'A'. I have just one plan. The United Kingdom in a united Europe.feedback

For me, it is prudent not to go campaign and try to impose a choice on a sovereign people. Referendums are dangerous, especially for Europe.feedback

It will not be easy for Mr. Johnson to end up next to Nigel Farage and some other clowns and populists.feedback

Every year we lose between 50 and 70 billion euros through tax avoidance. This is unacceptable and we are acting to tackle it. These measures will impose on multinational corporations the same tax rate and the same rules as for other businesses operating within the EU.feedback

No, Europe is now in a clear sound robust recovery. The problem is that this recovery is at first – sluggish. And second, unequal. It is unequal between the Eurozone and non euro area member states.feedback

I was never the 'What If' guy. The ECB is there for long lasting policy. Some fears must be based on risks – but there is no risk there. It's not because the recovery is there that we need to slow down the reforms especially the labour market. It is not only about the pensions system.feedback

I am confident that the quantitative easing programme will last as long as necessary so I am not worried about any kind of interruption but monetary policy is not everything. We need to have a multi-function policy first, fiscal consolidation has to continue. Secondly, it's about structural reforms, third is investment and fourth is monetary policy. If we've got those 4 pillars then we have strong assets for growth.feedback

I would say of course China is in a period of transition. In our forecast for 2015 I see no effect and in 2016 probably China will be mentioned as a downside risk but it won't be of high importance. And we feel that the global economy needs to watch China, that there needs to be structural reforms there – they need to communicate better. But it is no worry for the European economy I would say globally.feedback

The Euro area had to adapt more during the crisis because the rules are tighter.When you look at the growth forecast that was last delivered a few months ago, we are going to deliver the next ones at the beginning of November – the gap is only 0.2% or 0.3% – and it was double in the last number of years.feedback

In the name of the European Commission, what I'm going to do is firstly to present an analysis of the financial risks for the eurozone. Secondly an analysis of the sustainability of Greek debt, then thirdly the needs which are very important to satisfy this programme. And that's the basis on which the ministers will have to make their decision.feedback

We will keep on working. The meeting was suspended but we will continue to try to find an agreement, it's still possible and – more than ever -necessary. We still want Greece to stay in the euro, in best conditions, with strong reforms and a sustainable future.feedback

I hope that by the next Eurogroup on the 11th of May we are able to say 'yes'. There is progress strong progress and we are on the right track.feedback

It is really time to reestablish fiscal fairness so that businesses pay what they owe to the public purse….their fair share in the right place.feedback

These two years are essential. Reforms will be vital if competitiveness is to improve. We've seen that competitiveness is getting back on track albeit slowly and that the trade deficit remains huge.feedback

There is of course still much hard work ahead to deliver the jobs and the investment the european union and the euro area need – that's why all actors in europe need to use all available tools to strenghten our economic fundamentals.feedback

We have common goals; ensuring that Greece as a nation can stand on its own two feet, clean up its finances, and become a jobs generator again. A Greece that is growing, and can pay its debts.feedback

If we succeed in closing the review which I hope, I will work for with the teams of the Commission, by the end of February next year, the troika will leave Greece. And we will move to another phase.feedback

The problem is not to meet financial needs. That is not the key for us the key is in the reforms that need to be led.feedback

The time has not come to talk about that. I think it would be a mistake to do so. But of course Ukraine is a country which is strong partner to Europe which is very close to Europe and we will see in the future what are the forms that this partnership.feedback

Now that the Eurozone and Europe in general have restored stability our big challenge is to add some energy to the economy, to build a central spine of growth and job creation, and the main way of doing that we feel is through investment.feedback

I am not in favour of undoing or re-doing the agreement we finance ministers made on the 18th of December. But I am in favour of improving it, given that the EUropean Parliament has raised a number of questions that in my view could increase the effectiveness of the mechanism.feedback

Has two objectives: stimulate growth and boost jobs.feedback

This is a budget, which focuses all its energy in one direction, that is to make France more competitive, to create French jobs and encourage innovation. We have also cut public spending.feedback

Of course, there is still more progress to be made, especially in reforming the public sector. We will ask Greece to make the necessary efforts, take crucial decisions. I think the basis is there for a political agreement later.feedback

Taxation is an important point because today the citizens can't stand some behaviours of fiscal evasion, because also we [governments] need some money in order to reduce our deficits. It's a question of ethics, as well as a question of economic interest.feedback

I welcome Commissioner Rehn's intention to make this proof of flexibility. To give time and to take action in a way which means we keep the focus on growth. We have to be serious, that's what we want but we reject austerity.feedback

There was a feeling, perhaps, that we were breaking a taboo. That's why members of the Eurogroup held a tele-conference yesterday to say that we are ready to consider a progressive tax, if the Cypriot government and parliament decides that deposits of less than 100,000 euros are exempt.feedback

I hope that Mr Bersani will be able to form a government that will be a friendly counterpart for us and which is committed to European construction.feedback

The economic context is now of a globalised world where there are more investment and capital flows and where new forms of business are developing especially in the digital economy. We must ensure that this new form of business also pays its fair share and therefore we must avoid situations in which some companies use international and domestic law to be taxed nowhere.feedback

It's started its recovery. That's what I think. I am really, really convinced that it has a future in Europe and that PSA Peugeot Citroën has unique characteristics and qualities.feedback

The euro's level is not a negligible matter for growth.feedback

Even if there must be no pressure on the European Central Bank, discussing among Europeans what might constitute a fair level for our currency and how to get there is legitimate, and it is also legitimate among other big countries and economic zones, at the G20.feedback

This is a signal to the rest of the world: we can trust Europe, we can trust the eurozone. It is an area with great potential and in which we can invest, in which we can trust. The year 2012 ends under good auspices for the eurozone and I am happy about that.feedback

This debt buyback is very important in the context of last week's deal, I am very hopeful that it will be a success.feedback

We have all the possibilities on the table. Consensus is within reach if we are capable of seizing it. If everyone is reasonable, we can do it quite quickly.feedback

This downgrade does not raise a question-mark over the fundamental economics of our country, nor the reforms undertaken by the government, nor our good reputation for borrowing.feedback

You know, it was the Americans who have chosen their President not the French, but one can't help being happy because, yes, it's true, we like Obama. We share many priorities with him. The future of the eurozone matters for Barack Obama, the growth of the eurozone matters for Barack Obama. Things work very well with him. Now he has 4 more years and we have still 4 years and during these 4 years we will work together very well.feedback

I hope you saw the President's acceptance speech… because the message is that we are one nation, we have a tradition of politics that can sometimes make us appear divided. We are one nation and we gonna work together over the next 4 years of the President's mandate.feedback

This entire budget has been designed so that those who have the most contribute more without penalising their ability to invest in the future.feedback

This measure will also give us time to find a more permanent solution which is what the the president and the prime minister want.feedback

We do not maintain a deficit target of 3.0 percent in 2013 for the sake of it: cutting debt is imperative to maintain our sovereignty and the control of our destiny.feedback

The measures to take should be the least expensive for our public finances.feedback

Our common strategy for the stability of the euro area includes the adoption, by the end of this year, of a single supervisory mechanism for banks of the euro area, involving the ECB.feedback

Since last month's summit I think Europe has taken a different path. What President Francois Hollande described as a reorientation and stabilisation of European construction. It is our role now to ensure that works.feedback

We are in an extremely difficult economic and financial situation. In 2012 and 2013, the effort will be particularly large. The wealthiest households and big companies will have to contribute.feedback

If the Spanish government wishes at any point – and it's Spain's sovereign decision – we have instruments of solidarity in the eurozone which can be mobilised very quickly.feedback

This is a totally unacceptable process and is blatant nepotism by the Sarkozy family. It's a completely un-republican way of doing things.feedback

I have a hard time believing that a minister and an experienced one could have been duped in that matter. So I ask Luc Chatel to investigate what really happened, because behind this there is not only a store chain, there is also a political party, his party – the UMP.feedback

If it was a humanitarian matter, then it wouldn't be illogical for Madame Sarkozy to be there in her role as the First Lady of France. But this is a political matter and it's a method of diplomacy of which I totally disapprove.feedback

The assembly will not be signing a blank cheque, will hold off on the last word, will say that as things stand the treaty will be signed but that right up to 2007 the parliament will be a major player in the procedure.feedback

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