Moscovici, himself a former French finance minister, said it was vital that Paris meet an EU target to reduce its structural deficit, which excludes cyclical effects, by 0.5 percent of GDP this year. “But sanctions may be necessary if there is no deal.” “I hope we are going to reach a good deal, a good deal is always better than bad sanctions,” EU Economics and Monetary Affairs Commissioner Pierre Moscovici told France 2 television. While the euro zone’s second-largest economy could theoretically face a fine, the Commission is widely expected to grant it a reprieve in exchange for promises of reform. The European Commission is due to say in early March whether it considers France’s efforts to reform its economy and cut its deficit sufficient, after its repeated failures to meet its fiscal goals. European Union Economic Affairs Commissioner Pierre Moscovici arrives at an extraordinary euro zone finance ministers meeting (Eurogroup) to discuss Athens' plans to reverse austerity measures agreed as part of its bailout, in Brussels February 20, 2015. WoWS Stats & Numbers - EU- World of Warships statistics Recent events Follow other players to see recent events from their games.
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