Press release – Hearing of Commissioner-designate Magnus Brunner
Brussels, 05/11/2024
Mr Magnus Brunner appeared today before the European Parliament’s Committee on Economic and Monetary Affairs (ECON) to present his vision for the role of the European Commissioner for Economic and Financial Affairs.
During a three-hour hearing, MEPs put a wide range of questions to Mr Brunner, covering topics such as the eurozone’s economic outlook, the future of the EU budget, and the ongoing reform of the economic and monetary union (EMU).
Mr Brunner stated that his priorities as Commissioner would be to promote economic growth, stability and convergence within the eurozone. He also stressed his strong commitment to the fight against tax avoidance and evasion.
In his opening statement, Mr Brunner said that he believed that the eurozone was “the best currency in the world” but that it needed to be strengthened to face the challenges of the 21st century.
“We need to complete the banking union and the capital markets union,” Mr Brunner told MEPs. “We need to make our economies more resilient and we need to strengthen our global competitiveness.”
Mr Brunner also said that he believed that the EU budget should be used to support investment and growth in the eurozone.
“I am committed to ensuring that the EU budget is used effectively to support the priorities of the eurozone,” Mr Brunner said. “I will work to ensure that the budget is used to promote economic growth, stability and convergence.”
MEPs from all political groups welcomed Mr Brunner’s commitment to strengthening the eurozone and to investing in Europe’s future. However, some MEPs expressed concerns about Mr Brunner’s views on fiscal discipline and on the role of the European Central Bank (ECB).
The ECON Committee will now vote on whether to recommend that Parliament approve Mr Brunner as Commissioner-designate. The full Parliament is expected to hold a vote on Mr Brunner’s appointment at its plenary session in Strasbourg on November 24.
Press release – Hearing of Commissioner-designate Magnus Brunner
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