Jean-Claude Juncker

EU's Juncker calls Brexit deal "the only one possible"

Jean-Claude Juncker
European Commission President Jean-Claude Juncker. Photo: Sean Gallup via Getty Images

European Commission President Jean-Claude Juncker called the Brexit withdrawal agreement EU leaders approved Sunday the "best and only deal possible," reports the BBC.

The big picture: It took 20 months for the EU and the U.K. to finalize a Brexit deal, and while Juncker and Prime Minister Theresa May agree that it's the best possible outcome for the British people, others beg to differ — including hardline members of May's own Conservative party. Parliament is expected to vote on the agreement Dec. 12, but approval is far from guaranteed. Juncker told the BBC that if the House of Commons votes no, "we would have no deal."

European Union's Juncker wants euro as leading reserve currency

EU chief executive Jean-Claude Juncker
EU chief executive Jean-Claude Juncker. Photo: Frederick Florin/AFP via Getty Images.

In a wide-ranging speech on Wednesday, European Commission president Jean-Claude Juncker said the euro should rival the U.S. dollar as a reserve currency, the Financial Times reports. Juncker added that the bloc should not pay for energy imports with U.S. currency.

Why it matters: Juncker wants to limit the EU's financial dependence on the U.S. But, as Axios' Felix Salmon notes, without the European Central Bank's backing of this initiative, nothing like this can move forward. The ECB has remained neutral on this issue.

Clarification: This article has been updated to clarify that Juncker wants the euro to be a reserve currency, and replace the dollar when it comes to big European imports.

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