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Juncker: I bet on a Brexit

European Commission President says he made a friendly bet Britain would vote to leave

Jean-Claude Juncker continues his self-inflicted campaign of embarrassment by revealing he made a bet (for one pound) with EU Financial Stability Commissioner Jonathan Hill that Britons would vote to leave.

He "still owes me a pound," Juncker told Spiegel in an interview just published.

Other highlights:

  • " It was important for the Brits to trigger Article 50 as quickly as possible in order to avoid any uncertainties"
  • Why Britain voted leave? "In its 43 years of EU membership, Britain has never been able to decide whether it wants to fully or only partially belong to the EU."

President of the European Parliament Martin Schultz was also a part of the interview:

  • Schultz on who is responsible: "Primary responsibility for Brexit lies with British conservatives, who took an entire continent hostage. First, David Cameron initiated the referendum in order to secure his post."

There are continuing and growing calls for Juncker's resignation. Today a Handelsblatt editorial said Juncker is no longer the right man to lead the European Commission.

The front page article is titled: "The impossible President: how Jean-Claude Juncker is endangering the European project."

In a six-page feature, the paper argues that, given his lack of diplomacy and handling of the UK referendum, as well as in view of all the other challenges facing Europe, "Juncker is no longer the right man to lead Europe out of this misery."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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