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Moscovici urges reforming the eurozone at an event in Berlin

The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, urged in Berlin today to carry out reforms in the eurozone to make decision-making processes more efficient and more democratic

Berlin, Nov 8 (EFE) .- The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, urged in Berlin today to carry out reforms in the eurozone to make decision processes more efficient and more democratic.

"There is a window of opportunity for reforms in the eurozone," Moscovici said during a Franco-German economic forum in Berlin.

Moscovici reiterated his support for the reform proposals of French President Emmanuel Macron, and, facing Berlin, said that "Germany should not turn its back on its destiny European ".

" Germany must not turn its back on its European destiny and must take the hand that is being extended, "he said.

Moscovici insisted on not letting the opportunity pass now when the situation in the Eurozone has improved and it is easier to take measures to lay the foundations for the solution of future crises.

"Between December and June we have to do something, "he said.

On the one hand, according to Moscovici, the reforms that have already begun must be carried out, he gave as an example the banking union, and continue with the structural reforms flanked with investment in education.

"Structural reforms are still necessary and important but they are not the same as those that had to be done in times of crisis. It is important to invest, especially in education. in addition to the stability it already offers, it offers dynamism and overcomes its democratic deficiencies.

"The euro offers stability, that's why the Greeks did not want to leave. stability. European finance, which is controlled by the European Parliament (EP).

The commissioner stressed that, although the eurogroup is efficient, has no democratic control, and said that "you can not leave the future of the eurozone in the hands of an informal entity ".

Finally, Moscovici pointed out the need to overcome the divergences that exist between different countries of the eurozone and also those inside some countries that, he said, are a "breeding ground for populism."

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