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Euro could collapse in 18 months, predicts Trump’s pick for EU ambassador

Euro could collapse in 18 months, predicts Trump’s pick for EU ambassador

Publicerat av Tony Harkén måndag, 30 januari 2017.

Brexiteer professor Ted Malloch, who is likely to become the United States ambassador to the European Union, has predicted the looming failure of the single European currency.

In an interview with the BBC, Malloch predicts the euro "could collapse" in the next 18 months.

"I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the coming year, year and a half…The one thing I would do in 2017 is short the euro,” he told the British broadcaster.

"I am not the only person or economist of that point of view. Someone as acclaimed as Joseph Stiglitz - the World Bank economist - has written an entire book on this subject,” he added.

Malloch added that Washington and London could clinch a free trade deal within 90 days of the UK triggering Article 50 to leave the EU.

Read more at - https://on.rt.com/81ga

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