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Rehn Expects Major Challenges as Economics Commissioner

Olli Rehn, who was named by European Commission President Jose Manuel Barroso as the next Commissioner for Economic and Monetary Affairs, is pleased with his upcoming new post. Rehn, who is the outgoing Commissioner for Enlargement, says that the challenges of European economic and monetary policy are great.

Olli Rehn
Image: YLE

Soon after his appointment was announced, Rehn told YLE News in Brussels that he feels a strong sense of responsibility. He sees improving EU employment and strengthening economic growth to be special challenges.

He said that his main task will be to act in cooperation with the EU member states, the European Parliament, and the European Central Bank so that Europe’s economic and monetary policy will promote growth that creates jobs, and reform of structures appropriate to the next phase of the economy.

According to Rehn, Europe’s economy needs to be changed in a greener, and more innovative direction.

Rehn expects the coming years to be difficult for all member states. The recession has caused all countries to become more indebted through the recession, leading to a need for more cooperation among all member states.

Rehn also puts a priority on environmental questions, and strengthening the EU’s international role.

Sources: YLE