Ted Malloch, the man hotly tipped to become the president’s Brussels adviser, claimed the Euro could fall within the next 18 months.
During an interview with the BBC, Professor Malloch said the currency was not only was the currency in demise, it may even cease to exists by 2018.
“I am not the only person or economist of that point of view. Someone as acclaimed as Joseph Stiglitz – the World Bank economist – has written an entire book on this subject,” he said.
Jeroen Dijsselbloem was forced to dismiss Ted Malloch's comments on the Euro
I’ve been hearing those forecasts for four years now
Eurogroup’s president of finance ministers, representing the 19 countries that use the European currency, was forced to dismiss the doomsday prediction as old news.
Hitting back at Professor Malloch on Thursday, Jeroen Dijsselbloem said: “I’ve been hearing those forecasts for four years now.
“The only thing I know is that we need to work to make our monetary union stronger.
“So, good luck to the new ambassador, if he’s going to be that, and we’ll just keep on with what we’re doing.”
Jeroen Dijsselbloem insisted there was no danger of the Euro collapsing
Determined to portray a united front, the Dutch politician insisted single currency countries remained committed to upholding European ideologies.
“We are not protectionists. We Europeans will continue to work on free trade,” he told a press conference.
“We will uphold the European standards that we have, labour protection, environmental protection etc. Yes free trade there are lots of opportunities out there.”
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Professor Malloch dealt another blow to Brussels on Wednesday by claiming Washington and London could clinch a free-trade deal within 90 days.
“I remind people that the largest merger and acquisition deals in history are often done in about that time frame," he continued.
"Some of us who have worked on Wall Street or in the City know that if you get the right people in the right room with the right data and the right energy and Trump is certainly high energy, you can get things done.”
As Theresa May becomes the first foreign leader to meet with the new US President, Professor Malloch said although a trade deal won’t be signed there and then, the wheels will be put in motion.
“Obviously there are things to iron out, certainly there are differences and compromises to make, but it can be done,” he said.
“There won’t be a deal signed in the White House on Friday, but there could be an agreement for a framework going forward where people are empowered to have that kind of conversations behind closed doors and it could take as little as 90 days.
“That is very positive and it sends a signal that the United States is behind Great Britain in its hour of need.”