Lord Hill appointed finance commissioner
Jean-Claude Juncker, president of the European Commission, has announced the composition of the new 28 members strong European Commission, handing the key economic positions to the UK and France.
Jonathan Hill, former leader of the House of Lords and member of the Conservative Party has been appointed as commissioner for Financial Stability, Financial Services and the Capital Markets Union. His tasks include facilitating further liberalisation of European capital markets.
Pierre Moscovici, former French minister of Finance and member of the Socialist Party has been appointed as commissioner for EU Economic Policy, while Frans Timmermans, Dutch minister of Foreign Affairs and member of the Labour Party has been appointed as first vice president of the European Commission, he will among others cover EU regulation and the rule of law.