In Paris Visit, Finance Minister Welcomes U.S. Treasury Secretary
As part of a tour through Europe to meet counterparts and colleagues, Jack Lew, the newly nominated U.S. Secretary of the Treasury, was welcomed to Paris on April 9 by France’s Minister of Economy and Finance, Pierre Moscovici.
The two officials exchanged greetings formally before holding a joint press conference at the Embassy of the United States.
In prepared remarks, Mr. Moscovici addressed several economic and financial issues of concern both to France and the United States. He reaffirmed his commitment to enacting pro-growth policies toward stabilizing the French and the euro currency zone. The minister also reiterated his engagement in limiting the risk of financial contagion between Europe’s banking and public sectors.
Mr. Moscovici broached the subject of a banking union currently being planned among eurozone countries. Nascent plans for a new free-trade agreement between the European Union and the United States remain a priority, he said, and cited the need for a "balanced accord" between the two partners. Particular attention would have to be given to France’s sectors of cultural exception and protection of its agricultural industry, he said.
Mr. Moscovici will travel to Washington later this month for meetings at the International Monetary Fund (IMF) and elsewhere.