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Juncker jeered over euro as he urges huge spending package

Published on Jul 16, 2014 12:25 AM
 

STRASBOURG, France (AFP) - Jean-Claude Juncker, the next head of the EU commission, faced down jeers by British eurosceptics on Tuesday as he argued that the euro was a blessing for Europe and called for more spending to spark growth.

Juncker, a former Luxembourg premier and veteran EU insider, was speaking shortly before European Parliament vote that confirmed him as the leader of the EU's powerful executive.

"The single currency does not divide Europe, it protects Europe," Juncker said in his speech to the parliament, where eurosceptics won more seats than ever in May elections.

The era of "monetary war" and demeaning devaluations was over, Juncker said in his defence of the single currency whose very survival was thrown into doubt during the worst days of the debt crisis.

 
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