Thursday 22 March 2018

Finland’s Olli Rehn to manage the euro - Barroso reporters

THE EU’S economic commissioner Olli Rehn has been given a new job as manager of the euro.

Speaking after last night’s debt crisis summit today, Commission head Jose Manuel Barroso said the Finnish native would be appointed deputy chief at the body.

"I intend to task Olli Rehn with extra responsibilities,” he said.

“He will become deputy-head of the commission for economic and monetary affairs and the euro," Barroso told the European parliament in Strasbourg.

"Having a commissioner tasked especially with the euro shows that we want euro governance to happen within a communal framework," he said. "It's fundamentally important but also from a symbolic point of view, and symbols are important," he said.

Mr Rehn's nomination could lead to the creation of the job of eurozone finance minister that has been called for by some European leaders.

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