France tightens grip on EU finances

France tightens grip on EU finances

Nomination of Michel Barnier as internal market commissioner could see more bureaucratic controls on European economy

France has secured control of the key European Commission internal market
portfolio for the next five years, according to the new team unveiled today by
the Commission’s president José Manuel Barroso.

The move, if confirmed by the European Parliament in January, is sure to
spark concerns amongst supporters of liberalization, given the French
government’s usual support for bureaucratic controls on the economy.

Its appointee will be Michel Barnier, a former European commissioner for
regional policy and French agriculture minister. He is currently an MEP for
President Nicolas Sarkozy’s ruling Union for a Popular Movement (UMP) party. As
such, he could be expected to follow the French government policies of
protecting national champions in the European market place, and opposing major
liberalisation initiatives.

In this he will be a major contrast to his predecessor outgoing internal
market Commissioner Charlie McCreevy, an advocate of light-touch regulation.

In a communiqué, Barroso said he wanted his new team to shape “globalisation
on the basis of [Europe’s] values and interests.” Barnier’s nomination is not
unexpected, and there was talk after the UK secured the new EU foreign affairs
portfolio (for Labour Baroness Catherine Ashton) that France would take internal
market in return. Germany’s prize is to take the powerful energy commissioner
position.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article