Cameron EU Stance on Juncker a ‘Catastrophe,’ Balls Says

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U.K. Prime Minister David Cameron’s failed bid to block Jean-Claude Juncker’s appointment as European Commission president is a “catastrophe for the national interest,” Shadow Chancellor Ed Balls said.

The opposition Labour Party lawmaker’s comments reflect the reverberations that continue to be felt in Britain of Friday’s European Union summit, when leaders overrode Cameron’s objections and nominated the former Luxembourg premier for the EU’s top job. Cameron, who received the backing of Hungary onlyBloomberg Terminal among the EU’s 28 member states, is due to address Parliament today on the summit.