‘It’s a very real threat!’ Another economic crisis would COLLAPSE euro and Brussels in one

Saturday, August 4, 2018
By Paul Martin

BREXITEER Alan Sked has ripped into the European Union warning another economic crisis would collapse the eurozone and the bloc in one, during a furious rant.

By DARREN HUNT
Express.co.uk
Sat, Aug 4, 2018

Professor Alan Sked, co-founder of Ukip, has claimed the European Union is “split” on a number of issues during a scathing rant.

Speaking exclusively to Express.co.uk, Mr Sked warned the Brussels club was split on migration, foreign policy, and the future of the eurozone.

He said: “The EU is split in many different ways really, right now.

“It is split over the future of the Eurozone, it is split over migration, it is split over the power of the Commission to enforce what it sees as its rules in eastern Europe.

“I think it may split over foreign policy, for example, reacting to Trump on various fronts. I think are in a very serious situation.

“If there is another economic crisis, whether it comes because of a crash in the Chinese economy, or because of tariff wars are begun by President Trump, there is a danger the eurozone would collapse.

“If the euro collapses then the whole caboodle collapses I think, that is a very real threat.”

Speaking back in July, Mr Sked also took a swipe at the Germany economy. He said: “Even the Germany economy right now is just a whisker from a recession. Retail sales are in freefall, the last four quarters have seen economic growth go down.

“Quantitive easing by the European Central Bank is coming to an end which leads to €2trillion worth of European debt to worry about.

“Its banking system is wobbly. The Deutsche Bank goes from worse to worse its shares go down and down.

“Even what looks like the most robust economy in Europe is actually quite shaky.”

Mr Sked has launched a Clean Brexit movement which aims to put pressure on the Government to have as “close to no deal as possible”.

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