Commissioner Barnier, the EU's top financial regulator, called on the French government to pursue its planned reforms despite the Commission allowing two more years to meet its budget deficit target.
Olli Rehn, the European monetary affairs commissioner, said on Friday France badly needed to unlock its growth potential and create jobs, adding Spain, Italy and the Netherlands as well as France - four of the eurozone's five largest economies - would remain in recession this year.
France - which restated on Friday it would bring the deficit below 3 per cent in 2014, only one year later than the original deadline - must pursue its retirement and labour reforms to boost its competitiveness and to overcome its unemployment crisis, Barnier said.
"It's a moment of truth for the government which needs to have the political courage to carry out those reforms which will sometimes not be understood, and require effort", he told French radio Europe 1 in an interview.
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