Press release – Hearing of Commissioner-designate Maria Luis Albuquerque
Brussels, 24 October 2024
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) held a public hearing on 6 November 2024 to assess the credentials of Maria Luis Albuquerque, Commissioner-designate for Cohesion and Reforms.
Albuquerque, a Portuguese economist and former Minister of Finance, faced questions from MEPs on her qualifications and experience, as well as her views on key policy issues.
Key issues discussed
MEPs questioned Albuquerque on a range of issues, including:
- Her plans to ensure the effective implementation of the EU’s cohesion policy
- Her views on the future of the eurozone and the Stability and Growth Pact
- Her commitment to promoting economic convergence and reducing regional disparities within the EU
- Her priorities for the next five years in terms of EU economic and fiscal policy
Albuquerque’s responses
Albuquerque outlined her vision for a more inclusive and sustainable European economy. She stressed the importance of cohesion policy in promoting balanced development across the EU and pledged to work to ensure that the European Structural and Investment Funds are used effectively and efficiently.
Albuquerque also expressed her support for a strong and stable eurozone and said that she would work to strengthen the Stability and Growth Pact. She emphasized the need for responsible fiscal policies but also recognized the importance of supporting economic growth and job creation.
MEPs’ reactions
The majority of MEPs welcomed Albuquerque’s appointment and expressed confidence in her ability to lead the Commission’s work on cohesion and reforms. However, some MEPs raised concerns about her past support for austerity measures and her views on the eurozone.
Next steps
The ECON Committee will vote on Albuquerque’s nomination on 10 November 2024. If approved by the committee, her nomination will be then be put to a vote by the full Parliament. If confirmed by Parliament, Albuquerque will take office on 1 December 2024.
Press release – Hearing of Commissioner-designate Maria Luis Albuquerque
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