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Pierre Moscovici

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Michel Barnier (center), European Commissioner for Internal Market, speaks with French Finance Minister Pierre Moscovici (left) and Swedish Finance Minister Anders Borg during a meeting of EU finance ministers at the EU Council building in Brussels on Nov. 13, 2012. (Associated Press)

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Belgium Europe Financ_Live.jpg

Michel Barnier (center), European Commissioner for Internal Market, speaks with French Finance Minister Pierre Moscovici (left) and Swedish Finance Minister Anders Borg during a meeting of EU finance ministers at the EU Council building in Brussels on Nov. 13, 2012. (Associated Press)

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French Finance Minister Pierre Moscovici pauses as he speaks with journalists during a news conference in Paris, Wednesday, Oct. 17, 2012. France is creating a new government-backed investment bank that will aim to spur economic growth by lending to small and medium-sized enterprises. (AP Photo/Christophe Ena)