Euro depression is ‘deliberate’ EU choice, says former Bank of England chief

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The EU is an experiment which is in deep crisis. An onslaught of refugees which is forcing countries within the European Union members to deal with the flow on an ad hoc basis instead of as a federation, the continuing economic struggles in much of the “periphery” of the continent, and the real possibility of the UK leaving the Union have called the future of Europe into question.

(From The Telegraph)

Europe’s deep economic malaise is the result of “deliberate” policy choices made by EU elites, according to the former governor of the Bank of England.

Lord Mervyn King continued his scathing assault on Europe’s economic and monetary union, having predicted the beleaguered currency zone will need to be dismantled to free its weakest members from unremitting austerity and record levels of unemployment.

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