European Commissioner for Economic Affairs
The European Commissioner for Economic Affairs is the member of the European Commission responsible for economic and financial affairs. The position was previously titled Commissioner for Economic and Monetary Affairs and the Euro and European Vice President for the Euro and Social Dialogue from 2014 to 2019. The current executive vice president is Valdis Dombrovskis.
Responsibilities
The post is responsible for the European Union's economic, financial and monetary affairs, often combined with similar portfolios. This position is highly important due to the weight the European Union has economically worldwide. It has grown particularly with the late 2000s recession and is now having to deal with getting the EU's public finances back into shape, as many members are breaking EU rules on budget deficits.The DG responsible to the Commissioner is the Directorate-General for Economic and Financial Affairs, headed by Marco Buti.
There are a number of other economic-related Commissioner positions in the college:
- Industry and Entrepreneurship – Office abolished
- Internal Market – Office vacant
- Competition – currently Margrethe Vestager
- Trade – currently Valdis Dombrovskis
- Economy – currently Paolo Gentiloni
- Financial Programming and the Budget – currently Johannes Hahn
- Energy – currently Kadri Simson
- Consumer Protection – Office abolished
In October 2011 the position gained added responsibility for the euro, particularly eurozone reform and bail outs, and was made a vice president.