- END of EU? Brussels in ‘Vulnerable’ Position and THIS ‘Could Prove Fatal’ Predicts Expert
by AURORA BOSOTTI, https://www.express.co.uk/
THE European Union could soon face collapse because of the “weak and vulnerable” position the volatility of the euro and clashes with member states have created, European affairs expert Ian Kearns claimed.
Mr Kearns suggested a new financial crisis taking a direct hit at the European Union‘s common currency, the euro, could result in the destruction of the bloc. The European affairs expert warned Brussels a lack of reform of the mechanism regulating the eurozone could worsen the risk factors threatening the EU. While unable to pinpoint a precise date for the end of the European Union, he suggested the “weak and vulnerable” position the bloc is currently in has transformed it in a “sitting duck.”
Speaking exclusively to , Mr Kearns said: “The EU is in a weak and vulnerable state. If there were, for example, a new financial crisis which lots of people are speculating might be on the horizon I think that would be enough to destroy the single currency.
“Does that happen in the next six months? Does it happen three years from now? Five years from now? I don’t know but my analysis would be, if the European Union is in its current state, and its arrangements for managing the eurozone are in their current state and the financial crisis happens, the single currency wouldn’t survive it.”