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Fri, 03/22/2024 - 10:37
Submitted by nhathong on Sat, 11/28/2009 - 15:18
The head of the European Commission unveiled his new ‘cabinet’ on November 27, handing France’s Michel Barnier responsibility for financial services, despite staunch British opposition.

Spain’s Joaquin Almunia was given control of the European Union’s feared competition policy, which carried vast anti-trust and cartel powers affecting businesses worldwide, with Finland’s Olli Rehn taking over the Spaniard’s economic and monetary affairs brief.

Commission president Jose Manuel Barroso also handed the plum post of trade commissioner to former Belgian foreign minister Karel de Gucht-a second top job for the EU’s host country, after Herman Van Rompuy was named full-time bloc president.

Outside the all-important economic areas-where Brussels wields most of its power and influence-Barroso also decided to name Denmark’s Connie Hedegaard to the new job of climate commissioner.

Barnier’s department is to be headed up by an English minder, Jonathan Faull, currently in charge of the day-to-day running at justice and home affairs.

The single European market-home to half a billion people and the world’s biggest trading entity-is due for major modernization over the commission’s five-year term in office, to reflect the age of digital commerce.

VNS/VOVNews

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