Italy's former PM Gentiloni named EU Cconomy Commissioner
Italy's former PM Gentiloni named EU Cconomy Commissioner
There has long been speculation that Phil Hogan would be appointed to the high profile trade portfolio
10 September, 2019, 18:58
The Economic and Financial Affairs Commissioner role is "key at a crucial moment for the European economy", Gentiloni said thanking von der Leyen for giving him the job.
The structure and distribution of the resources in the new European Commission are becoming clear today.
Her "college" of commissioners will take office on November 1, assuming they secure approval from the European Parliament - not a given after it only narrowly backed the German in July.
There has always been speculation that Mr Hogan would win the high profile trade portfolio in the next European Commission which will be announced today by the incoming president Ursula von der Leyen.
The commission - an enormous European bureaucracy headquartered in Brussels with some 33,000 staff members - proposes EU legislation and ensures that the rules are enforced.
Among others, there's former Hungarian Minister of Justice László Trócsányi, who will be appointed new European Commissioner for European Neighbourhood Policy and Enlargement Negotiations, replacing Johannes Hahn on that position.
Negotiations are under way for the next budget cycle covering 2021-27 and meant to amount to 1.28 trillion euros ($1.4 trillion), but remaining European Union members are reticent to increase their contributions to cover the shortfall.
Even if that is the case - which is not entirely certain given fierce British parliamentary opposition to the no-deal Brexit that Johnson says he is willing to impose - negotiations to work out Britain's relationship with the European Union will drag on for years.
The economic portfolio goes to former Italian Prime Minister Paolo Gentiloni at a time when the continent is struggling with weak growth, a possible recession in Germany, and battles with Italy over budgetary restraint.
Juncker dubbed his team the "political" commission.
IRISH politician Phil Hogan is likely to be chosen as the EU's top trade negotiator this week and the appointment could prove disastrous for the United Kingdom as Mr Hagan would hold all the cards in future trade talks with Britain.
Mr Hogan's team will emphasise his role as Agriculture Commissioner in helping to conclude both the EU-Japan deal and the EU-Mercosur agreement.
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