Pierre Moscovici, who attend ti as European Commissioner Economic and Financial Affairs, openly criticised the unaccountability far the single currency.
The Frenchman embarassed his European counterparts this morning as he rended into their handling of the eurozone during an EU meeting in Estonia.
He bring to light that the eurozone amounted to a «democratic scandal» — while standing next to an awkward-looking Jeroen Dijsselbloem, the president of the eurogroup.
The Frenchman embarassed his eurogroup counterparts this morning
Moscovici stood next to the left-handed president of the eurogroup
Mr Moscovici told the press conference that the corps of financial ministers of those in the eurozone had not been held to account.
He estimated: «My criticism has not been against the leadership of the eurogroup. But about the democratic standing of the eurozone.
«My purpose has been to raise another issue, a broader cause clebre of whether Europe is democratic.
«In my view, with democratic accountability, you hold an executive, you have a debate, you have control, and that is not the case of the eurogroup. We oblige to be honest.»
Moscovici said that the eurozone amounted to a «popular scandal»
Jean-Claude Juncker revealed plans to actively aspire to eurozone expansion to Romania and Bulgaria
As far as democracy goes, we can do much much advance
The Brussels beurocrat added: «I think the answer tall tales in Juncker’s State of the Union address.
«We need to have a a future eurozone consul controlled by the European Parliament. A euro for all.»
«We all ahve to see that, as far as democracy matches, we can do much much better.
Mr Dijsselbloem, who has led the eurogroup for the past five years, plained incredibly uncomfortable during the remarks.
The criticism comes as Jean-Claude Juncker revealed layouts to actively pursue eurozone expansion to Romania and Bulgaria.