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Official: French economy is on the move

October 11, 2013

WASHINGTON (AP) — French Finance Minister Pierre Moscovici says his economy is on the move and so are other economies in Europe.

He said Friday this motion is slow and not always visible. He said European countries were emerging from the depths of recession and should be more vigorous in adopting policies that promote growth.

Moscovici contrasted the current improved situation with a year ago when there was doubt the euro would survive and whether Greece would leave the 17-nation currency zone.

He is in Washington for the annual meetings of the International Monetary Fund and World Bank. He would not say anything about the U.S. debt standoff, certain to be a major topic at these sessions.

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