by Jon Rogers, The Express:
AN INVESTOR who correctly predicted Britain would leave the European Union (EU) before the referendum has now forecasted the euro will collapse.
Jim Mellon, the Chairman of the Burnbrae Group, has warned the currency will become a victim in the growing anti-establishment surge which will cause the EU to fracture – all within five years.
He said: “Brexit is going to be a sideshow to the problems of Europe that are becoming more and more evident.
“The euro as it stands at the moment is just a very inappropriate mechanism — I give the euro between one and five years of life.”
The UK’s recent Brexit vote, along with Donald Trump’s election as US President, has signalled a sea-change in global politics and populist movements around the world have gathered pace.
Italy’s referendum vote at the weekend, as well as France’s presidential election next year, could also see upsets at the ballot box, giving currency traders cause for concern and initiating a run on the euro.
The euro as it stands at the moment is just a very inappropriate mechanism – I give the euro between one and five years of life
Jim Mellon, chairman of the Burnbrae Group
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