By Joshua Chaffin and Nikki Tait in Brussels and Alex Barker in London
Published: November 27 2009 11:35 | Last updated: November 27 2009 21:02
France will have a stronger hand in recasting Europe’s post-crisis banking and financial services sector over the next five years after its nominee for the European Commission, Michel Barnier, snagged the internal market portfolio.
The French victory came after months of intense lobbying over top Commission jobs that culminated on Friday in an announcement of new portfolios by José Manuel Barroso, the European Commission president.
Michel Barnier will take over a job that encompasses a broad swathe of policy, from financial services oversight to accountancy matters, liberalisation of postal services and facilitating cross-border services
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