By Democrat reporter

Mairead McGuinness has been picked to be the next Irish commissioner following the resignation of Phil Hogan and will be given the financial services portfolio.

“Mrs McGuinness has significant political experience on EU issues having been an MEP since 2004, and currently holding the post of first vice-president of the European Parliament,” European Commission president Ursula von der Leyen said as she made the announcement.

“This experience is crucial in carrying forward the EU’s financial sector policy agenda and ensuring it supports and strengthens the commission’s key priority, notably the twin green and digital transition.”

The long-serving Fine Gael MEP, who has been vice-president of the European Parliament since 2014, has a high profile in Brussels and was widely tipped for the role.

The trade portfolio will be assumed by Latvia’s Valdis Dombrovskis, a former prime minister and commissioner since 2014 who had been caretaking the position since Mr Hogan stepped down amid controversy over his breaking of Covid-19 self-isolation rules in Ireland.

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