‘The eurozone is a complete disaster and Britain needs to leave the EU’
OSCAR WILLIAMS-GRUT
BusinessInsider.com
MAY 14, 2015
Roger Bootle, one of Britain’s top economists and managing director of Capital Economics, just dubbed the eurozone a “complete disaster” and claims a Brexit would be good for the UK economy.
In an interview with MoneyWeek to promote his new book ‘The Trouble With Europe’, Bootle says: “I think the eurozone is a complete disaster and I’m not a Johnny-come-lately on this subject I was saying it right from the beginning.”
Bootle believes the grouping together of uncompetitive nations like Spain and Greece with industrious and fiscally strict countries like Germany and the Netherlands makes the Union completely dysfunctional.
His comments come despite data yesterday showing Europe’s GDP is now growing faster than both the UK and the US. Germany’s economy also appears to be faltering, with GDP missing forecasts and growing just 0.3% in the first quarter of the year.
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