European Commissioner for Economic and Monetary Affairs and the Euro
|European Commissioner for Economic and Monetary Affairs and the Euro|
|Appointer||Jean Claude Juncker|
|Term length||Five years|
|Inaugural holder||Robert Marjolin|
|Salary||€19,909.89 per month|
The Commissioner for Economic and Monetary Affairs and the Euro is the member of the European Commission responsible for economic and financial affairs. The current Commissioner is Valdis Dombrovskis (EPP).
|This article is part of a series on the|
politics and government of
the European Union
The post is responsible for the European Union's economic, financial and monetary affairs, often combined with similar portfolios. This position is highly important due to the weight the European Union has economically worldwide (See: Economy of the European Union). It has grown particularly with the late 2000s recession and his now having to deal with getting the EU's public finances back into shape, as many members are breaking EU rules on budget deficits.
The DG responsible to the Commissioner is the Directorate-General for Economic and Financial Affairs, headed by Marco Buti.
There are a number of other economic-related Commissioner positions in the College;
- Industry and Entrepreneurship – currently Elżbieta Bieńkowska
- Internal Market and Services – currently Michel Barnier
- Competition – currently Margrethe Vestager
- Trade – currently Cecilia Malmström
- Taxation and Customs Union, Audit and Anti-Fraud – currently Algirdas Šemeta
- Financial Programming and the Budget – currently Kristalina Georgieva
- Energy – currently Maroš Šefčovič
- Consumer Protection – currently Vytenis Andriukaitis
There have been suggestions from politicians such as Ségolène Royal that there should be an economic government for the eurozone, and at the start of the Barroso Commission Germany suggested an economic "super-commissioner" – which could see a change in this position. That idea however was dropped but the Enterprise and Industry Commissioner was strengthened in response.
In October 2011 the position gained added responsibility for the euro, particularly eurozone reform and bail outs, and was made a Vice President.
List of commissioners
|1||Robert Marjolin||1958–1967||Hallstein Commission|
|2||Raymond Barre||1967–1970||Rey Commission|
|3||Raymond Barre||1970–1972||Malfatti Commission|
|4||Raymond Barre||1972–1973||Mansholt Commission|
|5||Wilhelm Haferkamp||1973–1977||Ortoli Commission|
|6||François-Xavier Ortoli||1977–1981||Jenkins Commission|
|7||François-Xavier Ortoli||1981–1985||Thorn Commission|
|8||Henning Christophersen||1985–1995||Delors Commission|
|9||Yves-Thibault de Silguy||1995–1999||Santer Commission|
|10||Pedro Solbes||1999–2004||Prodi Commission|
|11||Joaquín Almunia||2004||Prodi Commission|
|12||Siim Kallas||2004||Prodi Commission|
|13||Joaquín Almunia||2004–2010||Barroso Commission I|
|14||Olli Rehn||2010–2014||Barroso Commission II|
|15||Valdis Dombrovskis||2014–present||Juncker Commission I|
As Economic and Finance Commissioner; Robert Marjolin served in both Hallstein Commissions and Henning Christophersen served in all three Delors Commissions.
- Rehn was proposed by the Government of Latvia, with the post of Competition Commissioner being assigned by Juncker. The whole Commission was then nominated by the Council of the European Union and approved by the European Parliament.
- REGULATION No 422/67/EEC, 5/67/EURATOM OF THE COUNCIL, EurLex
- Base salary of grade 16, third step is €17,697.68: European Commission: Officials' salaries – accessed 19 March 2010
- José Manuel Durão Barroso President of the European Commission Speech by President Barroso: Briefing on the conclusions of the European Council of 23 and 26 October 2011 European Parliament Strasbourg, 27 October 2011, European Commission
- Who’s who in the new Commission, Financial Times November 2009
- Royal v Sarkozy: The policies BBC News
- 'Big three' strike deal on super commissioner, French VAT cuts, 1% ceiling EurActiv.com
- THE NEW COMMISSION – SOME INITIAL THOUGHT Archived 23 September 2006 at the Wayback Machine. BM Brussels