'Power grab' in Europe is the start of a big battle

David Cameron believes the European Parliament has engaged in a “power grab" with its nominatino of Jean-Claude Juncker’s probable as president of the European Commission.

Jean-Claude Juncker's probable election as president of the European Commission this weekend may have a seriousimpact on Britain's relationship with the European Union,says the Financial Times. "Many in London and Brussels fearMr Juncker's election could be remembered as the beginning of the end of Britain's membership in the EU."

Prime Minister David Cameron "has been fighting a furious campaign to block Mr Juncker, an unrepentant European federalist", says The Economist. Cameron dislikes the way that Juncker's election has been secured. A treaty change in 2010 means that heads of EU governments must nominate a candidate, who is then approved or rejected by the European Parliament.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

Follow Ed on Twitter