New finance chief lined up for the EU

City A.M. Reporter
FINLAND&rsquo;S Olli Rehn is likely to take charge of European Union economic and monetary affairs and Spaniard Joaquin Almunia is expected to become the bloc&rsquo;s antitrust chief, EU diplomats said yesterday. <br /><br />The posts are two of the most powerful in the European Commission, the EU&rsquo;s executive, and the changes are part of efforts to increase the bloc&rsquo;s influence on the world stage. Almunia has until now been the EU&rsquo;s economic and monetary affairs commissioner. <br /><br />The changes follow ratification of the Lisbon reform treaty, intended to make decision-making smoother in the 27-country bloc, and the appointment of a president and foreign policy chief last week to lift the EU&rsquo;s profile in world affairs.