EU Presidential Candidate Says He is No Federalist

Jean-Claude Juncker denied on Tuesday that he favored a federal European superstate as he sought the support of British Conservatives and other eurosceptics for his presidency of the European Commission, but his assurances drew a cool response.

The designated head of EU executive delivered his message to the European Conservatives and Reformists (ECR) group in the European Parliament 10 days after British Prime Minister David Cameron failed to block his path to Brussels’ top job.

“Despite what you may read in the British press, I do not want a United States of Europe,” the former Luxembourg prime minister told the lawmakers, according to one person present.

“I do not believe that Europe can be constructed against the nation state.”

As he visited the main political groups to explain his vision, Juncker, 59, attempted to show that he had understood some criticism levelled by eurosceptics at Brussels.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza