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September 01, 2014 AT 5:51 AM
According to a French diplomatic source, former French finance minister Pierre Moscovici has a "good chance" of being named to the European Commission's top economic and monetary role. Proposed in July as France's representative in the next commission which takes office in November, Moscovici is a keen admirer of Keynesian economics who has said he wants the job and who believes it is crucial for Europe to refocus on growth and jobs via higher investments.