IMF says EU on brink of collapse, while euro currency may have to be scrapped


(Worthy News) – The future of euro currency and the entire EU project looks unsustainable without major change, according to a review by the International Monetary Fund and renowned economists.

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. [ Source ]

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