Former IMF chief to advise EU on financial crisis
A former top International Monetary Fund official will advise the European Union as part of the bloc's response to the global financial crisis, the EU executive body said on Wednesday. Jacques de Larosiere, a 78-year-old former IMF managing director and ex-governor of the Bank of France, will head a high-level group to consider longer-term responses such as changing how banks are supervised.A "permanent steering group" on the crisis will be set up within the Commission and chaired by Barroso. It will include Internal Market Commissioner Charlie McCreevy, Competition Commissioner Neelie Kroes and Economic and Monetary Affairs Commissioner Joaquin Almunia.
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