Maria Luís Albuquerque will attract investment in the EU

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STRASBOURG – The President of the European Commission, Ursula von der Leyen, asks the commissioner nominated by Portugal, Maria Luís Albuquerque, to use her experience to, in the portfolio of Financial Services, “unlock a substantial amount of investment” for the European Union (EU).

In the mission letter sent by Ursula von der Leyen to Maria Luís Albuquerque – released to the press following the announcement of the assignment of the Financial Services and Savings and Investment Union portfolio to the Portuguese commissioner – it is stated that her task “consists of unlocking the substantial amount of necessary private investment while also safeguarding financial stability.”

At the same time, the former Portuguese Minister of Finance will have to, in the new college of commissioners, “ensure better access to financing for EU companies and create better opportunities for citizens to improve their own financial security, in line with the ambition of this being an Investment Commission.”

Ursula von der Leyen proposed the Financial Services and Savings and Investment Union portfolio to the former Minister of Finance, Maria Luís Albuquerque, nominated by Prime Minister Luís Montenegro, to join the next community executive.

The College of Commissioners has to be approved by the EP, by majority, after individual hearings to the nominees. (17/09/24)

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