- European Commissioner for Economic and Monetary Affairs and the Euro
European Commissioner for Economic and Monetary Affairs and the Euro Appointer Jose Manuel Barroso Term length Five years Inaugural holder Robert Marjolin Formation 1958 Salary €19,909.89 per month Website European Commission
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 Olli Rehn (ELDR).
This article is part of the series:
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 Antonio Tajani
- Internal Market and Services – currently Michel Barnier
- Competition – currently Joaquín Almunia
- Trade – currently Karel De Gucht
- Taxation and Customs Union, Audit and Anti-Fraud– currently Algirdas Šemeta
- Financial Programming and the Budget – currently Janusz Lewandowski
- Energy – currently Günther Oettinger
- Health and Consumer Policy – currently John Dalli
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.
List of commissioners
Name Country Period Commission 1 Robert Marjolin France 1958–1967 Hallstein Commission 2 Raymond Barre France 1967–1970 Rey Commission 3 Raymond Barre France 1970–1972 Malfatti Commission 4 Raymond Barre France 1972–1973 Mansholt Commission 5 Wilhelm Haferkamp West Germany 1973–1977 Ortoli Commission 6 François-Xavier Ortoli France 1977–1981 Jenkins Commission 7 François-Xavier Ortoli France 1981–1985 Thorn Commission 8 Henning Christophersen Denmark 1985–1995 Delors Commission 9 Yves-Thibault de Silguy France 1995–1999 Santer Commission 10 Yves-Thibault de Silguy France 1999 Marín Commission 11 Pedro Solbes Spain 1999–2004 Prodi Commission 12 Joaquín Almunia Spain 2004 Prodi Commission 13 Siim Kallas Estonia 2004 Prodi Commission 14 Joaquín Almunia Spain 2004–2010 Barroso Commission I 15 Olli Rehn Finland 2010 onwards Barroso Commission II
As Economic and Finance Commissioner; Robert Marjolin served in both Hallstein Commissions and Henning Christophersen served in all three Delors Commissions.
- Economy of the European Union
- Eurozone & Euro
- European Central Bank
- European Union Budget
- European Court of Auditors
- Directorate-General for Economic and Financial Affairs
- ^ Rehn was proposed by the Government of Spain, with the post of Competition Commissioner being assigned by Barroso. 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
- ^ a b 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 BM Brussels
Current European Commission Portfolios
Agriculture and Rural Development · Climate Action · Competition · Development · Digital Agenda · Economic and Monetary Affairs · Education, Culture, Multilingualism and Youth · Employment, Social Affairs and Inclusion · Energy · Enlargement and European Neighbourhood Policy · Environment · Financial Programming and Budget · Health and Consumer Policy · High Representative · Home Affairs · Industry and Entrepreneurship · Internal Market and Services · International Cooperation, Humanitarian Aid and Crisis Response · Inter-Institutional Relations and Administration · Justice, Fundamental Rights and Citizenship · Maritime Affairs and Fisheries · Regional Policy · Research, Innovation and Science · Taxation and Customs Union, Audit and Anti-Fraud · Trade · Transport
Topics on the euro General Administration Fiscal provisions History Economy Denominations€5 · €10 · €20 · €50 · €100 · €200 · €500 Coins by
currenciesEuropean Currency Unit · Austrian schilling · Belgian franc · Cypriot pound · Dutch guilder · Estonian kroon · Finnish markka · French franc · German mark · Greek drachma · Irish pound · Italian lira · Luxembourgish franc · Maltese lira · Monegasque franc · Portuguese escudo · Sammarinese lira · Slovak koruna · Slovenian tolar · Spanish peseta · Vatican lira
currenciesERM IIother (EU)
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