g

Former Latvian Prime Minister Valdis Dombrovskis To Handle Powerful Eu Trade Portfolio

Less than two weeks after the resignation of Irishman Phil Hogan as Trade CommissionerFor failing to comply with the measures against the pandemic, the European Commission has already found him a substitute. Former Latvian Prime Minister Valdis Dombrovskis, who is serving his second term in the Berlaymont building, will take his place and knows how it works. Along with his responsibilities in the Trade area, he will continue to serve as economic vice-president, and will be in charge of relations with the Eurogroup. In this retouching of positions, the new face will be the Irish Mairead McGuinness, 61, until now vice president of the European Parliament. The decision of the president of the European Commission, Ursula von der Leyen, to choose her between the two candidates proposed by Dublin – the other was the former vice president of the European Investment Bank Andrew McDowell – brings the Community Executive closer to parity.

The president of the Commission has taken advantage of the change for McGuinness to take over the Financial Services portfolio, stripping Ireland of the responsibilities of Trade occupied by his predecessor, Phil Hogan, considered by Dublin to be key to its interests in the final stretch of the negotiations on the future relationship between the EU and the UK. The Latvian Valdis Dombrovskis cedes this position to McGuinness, and with his landing in Commerce he assumes a position of greater cache, not only for being linked to the complex outcome of the discussions with London, but also to the reform of the World Trade Organization, relations with China or the de-escalation of tensions with the United States, which could accelerate in the event of a possible victory for Democrat Joe Biden in the November elections.
With the pandemic still alive and waiting for a hot autumn due to the clash with London and the economic crisis to come, Von der Leyen wants to have his team fully operational as soon as possible. This Monday he interviewed the two candidates proposed by Ireland, and a few hours later he revealed his preferred option in a contest in which McGuinness started with an advantage due to the small but clear superiority in the number of men. Now it will be the turn of the Twenty-seven and the European Parliament to give the go-ahead after submitting to a hearing. In this last institution his name is not unknown. McGuinness occupied the first vice presidency until now, and his row with the eurosceptic Nigel Farage was very popular last January, when in full euphoria of his bench for Brexit he blurted out: “If you go,

Von der Leyen highlighted the European “extensive experience” of the two contenders for the job. And she recalled that McGuinness knows the institutions well, which she has served as a MEP since 2004. Her election maintains the same political balance. Despite the fact that the Irish Government is led by the liberal Micheál Martin, the European People’s Party, which is part of the coalition, in which the Greens are also, will retain the portfolio in Brussels, as long as the MEPs give their approval. The socialist MEP Jonás Fernández has indicated that in his group there are “serious doubts” about the profile of McGuinness.

There is the paradox that Dublin, which forced the resignation of the previous commissioner, Phil Hogan, for attending a dinner with 80 diners organized by a golf club – the so-called Golfgate – and for violating sanitary restrictions, now sees how its country he loses a key position in the community gear, although McGuinness’ new place is not minor either. In any case, Ireland, despite its controversial tax regime, advantageous for multinationals, continues to have representation in European organizations far beyond its population or economic influence: it monopolizes the presidency of the Eurogroup in the hands of Paschal Donohoe, who is it imposed in extremis the Spanish Nadia Calviño, and the chief economist of the European Central Bank is the Irish Philip Lane.

Leave a Reply

Your email address will not be published. Required fields are marked *