Stability Pact

Doomed to Fail

epa05337825 Jean-Claude Juncker, President of the European Commission delivers a speech during the (EPP) European People's Party's 40th anniversary at the European Convention Center in Luxembourg, 30 May 2016. EPA/CUGNOT MATHIEU +++(c) dpa - Bildfunk+++
Jean-Claude Juncker, President of the European Commission, telling it like it is.
  • Why it matters

    Why it matters

    Critics feel that when it comes to the E.U. economic stability pack, some members are more equal than others.

  • Facts


    • Jean-Claude Juncker has been president of the European Commission, the E.U. executive body, since 2014.
    • He was prime minister and finance minister of Luxembourg and headed the Eurogroup of eurozone finance ministers.
    • The E.U. Stability and Growth Pact sets rules aimed at preventing excessive budget deficits or excessive public debt burdens among member states.
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Jean-Claude Juncker is always good for a bon mot.

“Everything has an end. Only the sausage has two,” the Luxembourger said when he stepped down as president of the Eurogroup of eurozone finance ministers in 2013.

Less harmless was another comment that slipped out when Mr. Juncker was prime minister of  Luxembourg. In front of TV cameras at the height of the euro debt crisis in May 2011, he said: “When it becomes serious, you have to lie.”

This sentence raised considerable doubts about Mr. Juncker’s credibility – even though at that moment he was more honest than normal for top-ranking politicians.

It is much the same with the latest silly thing Mr. Juncker has said.

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