José Manuel Barroso, President of the European Commission, today announced the portfolios responsibilities for the next Commission. Michel Barnier, the former French Foreign Minister, who served as commissioner for regional policy in the Prodi commission between 1999 and 2004, and is currently a member of the European Parliament, takes charge of financial regulation; Joaquín Almunia, the Spanish nominee and holder of the economic and monetary affairs job in the current commission, takes charge of competition from Neelie Kroes of the Netherlands who gets the Digital Agenda portfolio. Finland’s Olli Rehn takes the key role of monetary affairs as part of efforts to revive the European Union economy.Karel De Gucht, outgoing commissioner for Development and Humanitarian Aid, takes charge of trade.
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