President Barroso appoints Olli Rehn Vice-President for economic and monetary affairs and the Euro
"Today, I can announce to you that I intend to entrust Olli Rehn with a reinforced status and additional working instruments. He is to become Commission Vice-President for economic and monetary affairs and the Euro. This is the best way to guarantee the independence, objectivity and efficiency in the exercise of the Commission's responsibility of coordination, surveillance and enforcement in the area of economic governance of the Union and of the euro area in particular. I think it is also important and relevant not only from a substantive, but also from a symbolic point of view, and symbols are important, that having a Commissioner specially dedicated to the euro, we assert that we want the euro governance to take place inside the community method and with the community institutions."