Mr Oettinger’s remarks were labeled as “disgusting bullying” by Nigel Farage, while even fellow EU bureaucrats Donald Tusk and Jean-Claude Juncker distanced themselves from Oettinger’s comments.
Mr Tusk, the European Council President, took to Twitter to urge “all EU institutions” to “please respect the voters”.
Mr Juncker, meanwhile, said in a statement: “Italy’s fate does not lie in the hands of the financial markets.
“Regardless of which political party may be in power, Italy is a founding member of the European Union that has contributed immensely to European integration. President Juncker is convinced that Italy will continue on its European path. The Commission is ready to work with Italy with responsibility and mutual respect. Italy deserves respect.”