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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessVdL Pushes For 1 Nov Start For New Commission-Politico
Politico is reporting that according to an unnamed EU official, European Commission President Ursula von der Leyen is looking to pressure institutions to hold a speedy confirmation process for the new College of Commissioners that could see them begin work on 1 November.
- Politico: "Consensus has been building around holding the hearings of new commissioners between November 4 and 12, allowing the Commission to take office on December 1, [...] But on Friday, von der Leyen put pressure on the Parliament to revert to its earlier timetable and hold the hearings in the week of October 14."
- A number of outlets have reported on the delays to VdL's naming of her Commission due to political divisions in Slovenia, where the gov't is yet to name its nominee.
- MNI's Policy team adds to this with its 12 Sep article ('MNI: Fight Over Jobs Delays Naming Of EU Commissioners-Sources'). Here, MNI's EU sources claim that it is not just internal divisions in Slovenia holding up the process, but infighting within the Union's political groups over the distribution of senior portfolios that is acting as a drag on the naming of VdL's second Commission.
- Once the new Commission is named its nominees face grillings by MEPs from their portfolio's respective parliamentary committee. At the end of these hearings the European Parliament votes on the College of Commissioners as an entity, not individual nominees.
- As such, those nominees who do not impress their committee face being junked as candidates before the vote, potentially delaying the process further.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.