The European Commission’s chief for economic and financial affairs, Pierre Moscovici, on Thursday ruled himself out of the race to become his institution’s next president.
Moscovici declared his decision on Twitter. He attached his tweet with a letter which explained that his decision was “due to profound disagreements with [the French Socialist Party’s] political line and strategy on Europe.”
“Against this background, it is not possible for me to consider a candidacy to lead the European Socialist family,” the Frenchman wrote in the letter, which he addressed Sergei Stanishev — the Party of European Socialists president.
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