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Juncker lashes out at UK over euro advice

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Juncker lashes out at UK over euro advice

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There was further evidence of tensions between eurozone and non-eurozone countries from Jean-Claude Junker, who heads the single currency’s group of finance ministers.

He said the UK was in no position to lecture eurozone members, given the state of its own finances.

“I believe that the British have the right to point out what we have to do. But I would also like to point out to the British — I must point out to them — that the British budget deficit is twice as high as the average in the eurozone,” he said.

Although outside the common currency, the UK’s economy is heavily linked to it by trade. So if the the eurozone suffers, so does Britain and that is why London claims a right to have its say in euro affairs.