EU

IMF CHIEF SAYS EU ON VERGE OF COLLAPSE, EURO MAY HAVE TO BE SCRAPPED……

And they all laughed at Nigel Farage……

collapsing EU

IMF says EU on brink of collapse and ‘untenable’ Euro may have to be SCRAPPED

THE FUTURE of euro currency and the entire EU project looks unsustainable without major change, according to a damning review by the International Monetary Fund and renowned economists.

By LAURA MOWAT

Christine Lagarde and a stocks imageGETTY

Euro peril: IMF managing director Christine Lagarde warned of the dangers of Brexit

IMF chiefs warned the UK’s decision to leave the EU would seriously hamper growth prospects in the region.

Before the Brexit vote, the IMF forecast a 1.7 per cent expansion for the eurozone.

However, post Brexit the organisation revised that down to 1.6 per cent this year and 1.4 per cent next year.

More here.

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