EU's Moscovici: Too early to comment if French deficit level will exceed 3%

European Economic Commissioner Pierre Moscovici was out with some comments in the last hour, via Reuters, reiterated that it is too early to comment on any potential French deficit level of over 3%.

Additional quotes:

   •  Cannot rule out if France might temporarily breach EU rules on deficit level.
   •  It would be preferable if such a breach were to be as limited and as one-off as possible.