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.
"The people will have to choose whoever they want freely."
- Pierre Moscovici on Jan 23, 2015