US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

VdL Unveils New Commissioners & Portfolio Distribution

EU COMMISSION
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

European Commission President Ursula von der Leyen is unveiling her new College of Commissioners and the distribution of portfolios between the 26 commissioners. Livestream of presser can be found here. VdL says that the new Commission "will focus on prosperity, security, democracy against backdrop of needed competitiveness for green transition and digitalisation". VdL: "Commission needs to enhance cohesion in the EU".

  • VdL: "Commission will be leaner with a more interlinked structure." The president says that there are 11 female nominees, equating to 40% of the Commission. This is up from 22% in the initial submissions.
  • There are six 'executive vice presidents':
    • France's Stephane Sejourne is Commissioner for Industrial Strategy (also taking on SMEs and single-market portfolio).
    • Italy's Rafaele Fitto is Commissioner for EU Cohesion and Reforms (includes regional development and cities portfolios).
    • Spain's Teresa Ribera is Commissioner for 'Clean, Just and Competitive Transition' (including the competition portfolio).
    • Finland's Henna Birkkunen is Commissioner for Tech Sovereignty, Security and Democracy.
    • As was already known, former Estonian PM Kaja Kallas is to be the High Representative for Foreign Affairs and Security Policy.
    • Romania's Roxana Minzatu is Commissioner for People, Skills and Preparedness.
  • Slovakia's Maros Sefcovic to serve in the high-profile Trade and Economic Security portfolio and the Interinstitutional Relations portfolio. Latvia's Valdis Dombrovskis takes on the Economy and Productivity and Implementation and Simplification portfolios. While not exec VPs, both commissioners will report directly to VdL, highlighting their position as senior figures in the new Commission.
  • Portugal's Maria Albuquerque will take on the Financial Services and the Savings and Investments Union portfolio.
255 words

To read the full story

Close

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.

European Commission President Ursula von der Leyen is unveiling her new College of Commissioners and the distribution of portfolios between the 26 commissioners. Livestream of presser can be found here. VdL says that the new Commission "will focus on prosperity, security, democracy against backdrop of needed competitiveness for green transition and digitalisation". VdL: "Commission needs to enhance cohesion in the EU".

  • VdL: "Commission will be leaner with a more interlinked structure." The president says that there are 11 female nominees, equating to 40% of the Commission. This is up from 22% in the initial submissions.
  • There are six 'executive vice presidents':
    • France's Stephane Sejourne is Commissioner for Industrial Strategy (also taking on SMEs and single-market portfolio).
    • Italy's Rafaele Fitto is Commissioner for EU Cohesion and Reforms (includes regional development and cities portfolios).
    • Spain's Teresa Ribera is Commissioner for 'Clean, Just and Competitive Transition' (including the competition portfolio).
    • Finland's Henna Birkkunen is Commissioner for Tech Sovereignty, Security and Democracy.
    • As was already known, former Estonian PM Kaja Kallas is to be the High Representative for Foreign Affairs and Security Policy.
    • Romania's Roxana Minzatu is Commissioner for People, Skills and Preparedness.
  • Slovakia's Maros Sefcovic to serve in the high-profile Trade and Economic Security portfolio and the Interinstitutional Relations portfolio. Latvia's Valdis Dombrovskis takes on the Economy and Productivity and Implementation and Simplification portfolios. While not exec VPs, both commissioners will report directly to VdL, highlighting their position as senior figures in the new Commission.
  • Portugal's Maria Albuquerque will take on the Financial Services and the Savings and Investments Union portfolio.