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9/15/14

Europe -New EU Commissioners Ready To Roll As France and Britain Secure Top EU Economy Posts

French Socialist Former finance minister Pierre Moscovici takes the key portfolio of economic policy, though he will be supervised by former Finnish prime minister Jyrki Katainen and former Latvian prime minister Valdis Dombrovskis.

British Conservative Jonathan Hill takes a revamped portfolio entitled Financial Stability, Financial Services and Capital Markets Union - something the London government, outside the euro zone, had been pitching hard for. He will be in charge of relations with, among others, the European Banking Authority.

Danish liberal Margrethe Vestager will be in charge of the powerful competition portfolio that gives the EU a big say in the expansion or merger plans of the world’s biggest companies, while former Slovenian prime minister Alenka Bratusek will oversee the EU’s plan to create an energy union.

Sweden’s Cecilia Malmstrom will have the task of negotiating the world’s biggest trade agreement between the United States and Europe. Miguel Arias Caneta of Spain will be energy and climate change commissioner, though former Slovenian former premier Alenka Bratusek will have the more senior post of vice-president overseeing the development of an energy union.

Germany’s Guenther Oettinger will have responsibility for the digital economy, a portfolio including the overhaul of the EU telecoms market. Elzbieta Bienkowska of Poland takes the role of commissioner for the internal market, industry, entrepreneurship and small business.

The new Commission is due to take office on November 1, subject to its confirmation by the European Parliament.

Read more: ReEurope - France and Britain secure top EU economy posts - France 24

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