Negotiations in Brussels End with no Clear EU Commission Leader

Europe’s most powerful political leaders have failed to agree on a suitable candidate to run the European Commission for the next five years. This after an intensive set of negotiations in Brussels over the future leader of the world’s largest trading block ended in stalemate.

The 28 presidents and prime ministers chaired by former Polish premier Donald Tusk and known as the EU Council, announced that they would gather again next weekend for a further set of talks beginning Sunday, June 30.

“We’re not quite at the point where I’d wish us to be,” acknowledged German Chancellor Angela Merkel, whose preferred candidate Manfred Weber had earlier failed to win public endorsement from key European figures, including her French counterpart Emmanuel Macron.

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