Dombrovskis takes over British commissioner's job

Latvia's European Commission Vice-President, Valdis Dombrovskis, on Saturday took over the powers of Britain's EU Commissioner following the latter's resignation.

British commissioner Lord Jonathan Hill quit following the June 23 referendum in the United Kingdom which sees that country set to leave the European Union in coming months.

In a statement Hill said: " I wanted it to end differently and had hoped that Britain would want to play a role in arguing for an outward-looking, flexible, competitive, free trade Europe. But the British people took a different decision, and that is the way that democracy works."

Hill had responsibility for Commissioner for financial stability, financial services and capital markets union, so Dombrovskis was the clear candidate to take over as he already has responsibility for the euro and social dialogue.

Dombrovskis said via Twitter: "Currently the most important thing is to ensure stability on the financial markets."

European Commission President Jean-Claude Juncker said Dombrovskis was the ideal man for the job.

"The work of the European Union must go on. After having spoken with Martin Schulz, President of the European Parliament, I have asked Valdis Dombrovskis, Vice-President responsible for the Euro and Social Dialogue, to take over the portfolio for Financial Stability, Financial Services and the Capital Markets Union," Juncker said.

"In his role as Vice-President, Valdis Dombrovskis is already coordinating many of the key files under this portfolio, working closely with other Commissioners, the European Parliament and the Council on several important legislative proposals in this area, such as the European Deposit Insurance Scheme.

With his experience, expertise and his good network amongst Members of the European Parliament, Finance Ministers and Prime Ministers, Vice-President Dombrovskis is ideally placed to ensure continuity in the Financial Stability, Financial Services and Capital Markets Union portfolio," Juncker added.

Lord Hill's resignation will take effect on 15 July (midnight), while President Juncker's decision to transfer the portfolio will take effect on 16 July.

Maria W. Sanders
Many people start the research with a great energy and good morale, but eventually end up quitting the reason which they have started. it is very necessary to have good energy throughout the process.
<a href="">Visit W3Schools</a>
What about this essay writing site that provides great service –
We appreciate you turning out to <a href="">nike air max femme pas cher</a> be well thoughtful as well as for using variety of useful topics millions of individuals are really wanting to understand about. Our own sincere regret for <a href="">nike air max thea femme</a> not saying thanks to you sooner.
For sure there some really serious problems should be discussed, however most of all should definitely have some articles regarding this issue.
Sajoziet jostas stingraak, latvietis naaks un ieviesiis savas pieticiibas regulas arii jums....
Comment using your social media profile