French President Francois Hollande named Pierre Moscovici, a former European Affairs minister and a self-proclaimed social democrat, his finance minister.
French Finance Minister Pierre Moscovici said the euro group should set out a “formal” and “transparent” procedure for selecting its chairman.
French Finance Minister Pierre Moscovici said a “conflict between the institutions” of the European Union should be avoided as the bloc tries to pass legislation creating a euro-area bank-failure authority.
"In joining the euro, the Lithuanian people are choosing to be part of an area of stability, security and prosperity."
- Pierre Moscovici on Dec 31, 2014