EC's Barroso names France's Barnier as financial watchdog

11/29/2009 | Financial Times (tiered subscription model) · Bloomberg

European Commission President Jose Manuel Barroso announced that Michel Barnier, France's nominee for the internal-market portfolio, will succeed outgoing internal-market chief Charlie McCreevy. The announcement gives France a stronger position in Europe's post-crisis response. The U.K., concerned about Barnier's potential influence over the City, pressured Barroso to split the position, separating the internal-market portfolio from financial regulation. Barroso rejected the idea, saying he never intended to split the position.

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Financial Times (tiered subscription model) · Bloomberg

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