Re­place­ment com­mis­sion­ers sail through

Financial Mirror (Cyprus) - - FRONT PAGE -

The can­di­dates to re­place the four com­mis­sion­ers who took their seats as MEPs passed through hear­ings on Mon­day in the Euro­pean Par­lia­ment which is due to vote on their ap­point­ments on Wed­nes­day.

Four for­mer Com­mis­sion­ers took their MEP seats on 1 July hav­ing re­signed from the EU ex­ec­u­tive. They are re­placed by fel­low-na­tion­als.

Vice Pres­i­dent Viviane Red­ing, Lux­em­bourg, re­spon­si­ble for jus­tice, fun­da­men­tal rights and ci­ti­zen­ship, is re­placed by Mar­tine Re­icherts, un­til now a Com­mis­sion Di­rec­tor Gen­eral and a vet­eran in EU af­fairs.

Vice Pres­i­dent An­to­nio Ta­jani, Italy, re­spon­si­ble for in­dus­try and en­trepreneur­ship, is re­placed by Fer­di­nando Nelli Fe­roci, a ca­reer diplo­mat.

Vice Pres­i­dent Olli Rehn, Fin­land, re­spon­si­ble for eco­nomic and mon­e­tary af­fairs and the euro is re­placed by Jyrki Katainen who re­signed as Prime Min­is­ter on June 16 to take a job as a re­place­ment com­mis­sioner and stay on in the Juncker team.

Com­mis­sioner Janusz Le­wandowski, Poland, re­spon­si­ble for fi­nan­cial pro­gram­ming and the budget, is re­placed by Jacek Do­minik, a for­mer Deputy Min­is­ter of Fi­nance.

The hear­ing that at­tracted most me­dia at­ten­tion was Katainen’s, mainly be­cause he is ex­pected to stay on in the next EU ex­ec­u­tive.

“We need to re­store con­fi­dence to at­tract in­vest­ments”, he said in his speech, adding that he be­lieved in cre­at­ing jobs, but not by in­creas­ing the deficit, be­cause in his words no­body would be ready to lend money for that pur­pose.

“Only by im­ple­ment­ing struc­tural changes do you gain con­fi­dence. The pri­vate sec­tor needs to be en­cour­aged to in­vest on our con­ti­nent and we have to use pub­lic money more ef­fec­tively, for ex­am­ple by in­vest­ing in R&D, green growth and SMEs,” Katainen said.

On the Troika, he noted that its mem­bers are ac­count­able to lenders, but he promised to con­sider how the Par­lia­ment and Com­mis­sion could im­prove their co­op­er­a­tion so that the Par­lia­ment also has a say in Troika work, through the Com­mis­sion.

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