Commission appoints Verwey
The European Commission has appointed Maarten Verwey – the man credited with coming up with the idea for the European Financial Stability Facility – as Deputy Director-General of the Economic and Financial Affairs Directorate-General.
Verwey, who is currently Director of Foreign Financial Relations at the Dutch Ministry of Finance, will take up the post on September 1. The commission said in a statement that he had been chosen following a "rigorous selection procedure that considered both internal and external candidates".
In spring 2010 it was Verwey's proposal for a bailout mechanism which met Germany's condition that loans should not be commission-led which was adopted. The EFSF will be replaced by the permanent European Stability Mechanism in 2013.
Meanwhile on April 16 Paul Timmers, also Dutch, will become Director responsible for 'ICT addressing societal challenges' in the Information Society and Media Directorate-General. Timmers is currently Head of the 'ICT for inclusion' unit in the same department.