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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.