Eurozone is DOOMED: Euro will stumble from crisis to crisis and FALL, warns Mervyn King

Monday, February 29, 2016
By Paul Martin

THE EUROZONE is doomed to COLLAPSE in failure, a former governor of the Bank of England predicted today.

By MACER HALL
Express.co.uk
Mon, Feb 29, 2016

Lord King, who headed the bank for 10 years, said the EU’s single currency system is set to lurch from crisis to crisis for years ahead.

And he warned that the drive towards political union among the 19 euro-zone nations will not help save the project from eventual disintegration.

The forecast comes in a new book written by the peer, who is better known as Mervyn King.

His warning is likely to be seized upon by anti-Brussels campaigners as further support to the economic case for a UK exit from the EU.

In the book, Lord King expected an “economic political crisis” to be triggered by further euro-zone bail-outs and austerity measures.

Voters across Europe will increasingly turn against the single currency project in a backlash against the loss of sovereignty in the drive towards financial union.

He wrote: “It will lead to not only an economic but also a political crisis.

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