European Commission President José Manuel Barroso unveiled the EU executive's new line-up on Friday (27 November), handing Finn Olli Rehn the key economic policy portfolio and giving Frenchman Michel Barnier a controversial role in overseeing regulation of the financial sector.
Rehn takes over from Spaniard Joaquin Almunia, who will become competition commissioner in the 27-country bloc's executive. France's Michel Barnier was named internal market commissioner, with responsibility for financial services.
The formation of the European Commission is the latest stage in the EU's efforts to maintain its influence on the world stage after the economic crisis.
The 27-person teamexternal , which represents almost 500 million people, is likely to take office early next year. It will serve for five years, but first needs the European Parliament's approval.
"In five years' time, I want this Commission to have been instrumental in leading Europe out of the economic crisis towards a competitive economy that provides sustainable growth," Barroso told a news conference.
The nomination of the Commission,...