Moscovici on French budget, urges UK to join agreement on bonuses

The speaker discusses the importance of countries staying united and not accommodating current dispositions to keep certain countries on board. Emphasis is placed on moralization applying to all, including the City, and the need for collective progress. The speaker also addresses France's economic outlook, noting that growth forecasts for 2013 cannot be met due to the slowdown and that austerity should not be added to the recession.

What is the speaker's overall message regarding economic collaboration?

How does the speaker view the relationship between austerity and economic conditions?