European Politicians Worry About Potential US Ambassador to EU

Lawmakers in Europe are putting on a rare show of unity: Two of the main parties in the European Parliament have both said they’re against President Donald Trump’s likely choice for ambassador to the European Union.

Members of the European Parliament believe that Ted Malloch – a businessman who supported Brexit and who has been named as the preferred choice of President Trump to represent the U.S. in Brussels – displays “outrageous malevolence” to the idea of the EU.

In a letter obtained by CNBC, European lawmakers said that if the “prospective nominee” takes on the ambassador role, the U.S. – EU relationship could be “seriously undermined”.

“The prospective nominee expressed his ambition to ‘tame the block like he brought down the Soviet Union’, eloquently supported dissolution of the European Union and explicitly bet in the demise of the currency within months,” the leaders of liberal and conservative parties said in a letter to the presidents of the European Council and Commission.

Malloch told the BBC recently when asked about getting the position in Brussels: “I had in a previous career a diplomatic post where I helped bring down the Soviet Union. So maybe there’s another union that needs a little taming.”

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