Saturday, December 5, 2009

UPDATE 2-Finland's Rehn set to win top EU economy job

* Finland's Rehn likely to be EU monetary commissioner

* Spain's Almunia to swap economy brief for antitrust job

* France's Barnier battling for financial services

(Recasts with fresh quotes, details, background)

By Darren Ennis

BRUSSELS, Nov 26 (Reuters) - Finland's Olli Rehn is expected to take charge of economic and monetary affairs in the European Union, diplomats said on Thursday, giving him a big role in efforts to revive Europe's economy after the credit crunch.

Spaniard Joaquin Almunia will make way for him in that job and is expected to become the 27-country bloc's competition commissioner, also one of the most powerful jobs in the EU's executive, the European Commission.

The EU is forming a new Commission as part of efforts to increase its influence on the world stage following the naming of a president and a new foreign policy chief and ratification of a treaty intended to make EU decision-making smoother.

"These posts have been offered to Rehn and Almunia," one EU diplomat said. Several others also said Rehn and Almunia would soon be named by Commission President Jose Manuel Barroso.

Source:reuters.com/

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