Potential Envoy to EU bets on the demise of the common currency "within months"

Discussion in 'Wall St. News' started by Nighthawk, Feb 4, 2017.

  1. The European parliament’s main political parties are making an unprecedented attempt to block Donald Trump’s likely choice as ambassador to the European Union from EU buildings, describing him as hostile and malevolent.

    In a startling move that threatens a major diplomatic row, the leaders of the conservative, socialist and liberal groups in Brussels have written to the European commission and the European council, whose members represent the 28 EU states, to reject the appointment of Ted Malloch.

    Malloch, a businessman who stridently supported Brexit ahead of the vote in June, is said to have been interviewed for the post by Trump.

    Why the EU’s fuss over Trump’s ambassador pick? He’s perfectly cast | Simon Jenkins
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    When recently asked by the BBC why he was interested in moving to Brussels, Malloch replied: “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.”

    He also said that Trump was not a fan of the EU, described it as “supranational and unelected” and attacked the European commission’s president, Jean-Claude Juncker. “Mr Juncker was a very adequate mayor I think of some city in Luxembourg, and maybe he should go back and do that again,” he said.

    Manfred Weber, leader of the centre-right EPP and an ally of the German chancellor, Angela Merkel, and Guy Verhofstadt, who leads the liberal ALDE group, accused Malloch of “outrageous malevolence” towards “the values that define this European Union”.

    In a letter seen by the Guardian, Weber and Verhofstadt address Juncker and the president of the European council, Donald Tusk: “In the past weeks, Ted R. Malloch, the likely nominee by US President Trump to become the new US ambassador to the European Union, made a series of public statements denigrating the EU.

    “In these statements, the prospective nominee expressed his ambition to ‘tame the bloc like he brought down the Soviet Union’, eloquently supported dissolution of the European Union and explicitly bet on the demise of the common currency within months.

    Source:

    https://www.theguardian.com/world/2017/feb/02/european-union-trump-ambassador-ted-malloch-parliament

    I think, I must short the EUR on Monday! LOL! Hardcore stuff! I guess Nigel Farage from the UK had a "proper" conversation with Mr President about it! ;=)