New European Commission Approved

The European Parliament approved the new European Commission headed by Jean-Claude Juncker in a vote on Wednesday, clearing the way for the EU executive to take office on Nov. 1.

Juncker, a former prime minister of Luxembourg, will succeed outgoing Commission president Jose Manuel Barroso.

The 28-strong executive, featuring one member from each EU member state, sets policies for the bloc in coordination with national governments.

CNBC

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