• UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
NewsExplored
  • UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
  • Facebook

  • Twitter

  • LinkedIn

  • Tumblr

  • RSS

World

Eurozone CRISIS: Trump’s likely EU ambassador hints euro ‘could FAIL’ within 18 months

Eurozone CRISIS: Trump’s likely EU ambassador hints euro ‘could FAIL’ within 18 months
Newsexplored
25th January 2017
7
SHARES
ShareTweet
SubscribeRedditGoogleWhatsappStumbleuponPinterestDiggLinkedinTumblrTelegram
Views:
9

Professor Ted Malloch suggested the doomed eurozone could face “a real problem” in the next 18 months.

In a devastating blow to the EU’s single currency, he said he would “short the euro” – taking a market position which bets on the value of a currency falling.

Professor Malloch told the BBC: “The one thing I would do in 2017 is short the euro.

“I think it is a currency that is not only in demise but has a real problem and could collapse in the coming year, year and a half.

Ted MallochBBC•GETTY

Donald Trump ally Ted Malloch predicted that the euro could fail within 18 months

I think it is a currency that is not only in demise but has a real problem and could collapse

Ted Malloch

“I am not the only person or economist of that point of view.

“Someone as acclaimed as Joseph Stiglitz – the famous World Bank economist – has written an entire book on this subject.”

Although not yet confirmed in the role, Professor Malloch has been widely reported as being President Trump’s desired choice for the Brussels role.

data-ad-format="auto">

The economist and former deputy executive secretary to the United Nations in Geneva went for an interview with the President’s team at Trump Tower earlier this month.

Donald TrumpGETTY

President Trump will meet with Theresa May on Friday to discuss UK-US relations

But he also predicted his potential ambassadorial role with the bloc could be at threat, as he predicted wholesale change and reform over the next few years.


Having been asked about the possibility of the EU-US trade deal being signed under President Trump’s watch, Professor Malloch replied: “I personally am not certain that there will be a European Union with to have such negotiations.

“Will there potentially be numerous bi-lateral with various European countries? I think the prospect, again in a changed political reality, is greater for that.”

The American added: “I think people are talking about the redefinition of the European Union, whether it is a core number of countries and a periphery that moves aside, key people that stay in the Union, those that fall away.

“These are decisions that are going to be made by European people in democratic elections over the course of the next 18 months, and some of these elections, frankly, are coming as soon as the next few months.”

Prime Minister Theresa May, on Friday, will become the first foreign leader to visit the President, exactly a week after his inauguration.

The pair are expected to discuss Nato, immigration and, most importantly, a post-Brexit deal between the two nations, with President Trump previously spoken about striking such a deal as soon as possible.

Professor Malloch said that Britain could agree a “mutually beneficial” free trade deal with America in as little as 90 days.

He continued by saying that outside the single market and customs union, the UK could bypass “the bureaucrats in Brussels”, adding that it would be “absurd” that EU leaders attempt to block negotiations between the two nations.

Theresa May's 12 point Brexit plan
Mon, January 16, 2017

It's finally here!




Play slideshow

Syrian Kurds Battle IS To Retain Control Of Kobani

1 of 7

Continued cooperation with the EU to tackle terrorism and international crime.

But Professor Malloch did say that Mrs May will leave the White House on Friday without a trade deal, he said: “Obviously there are things to iron out, certainly there are differences and compromises to make, but it can be done.

“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.”

Original Article

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Share on Skype (Opens in new window)

Related

Related Itemsambassadorcrisiseurozonehintslikelytrump
World
25th January 2017
Newsexplored @newsexploredweb

Related Itemsambassadorcrisiseurozonehintslikelytrump

More in World

  • Lehman Brothers: Failed bank or malt whisky?

    Views:9 Related

    Newsexplored 25th January 2017
  • Rohingya refugees flee Myanmar through the jungle

    Views:9 Related

    Newsexplored 25th January 2017
  • Why a state wants to ignore part of India’s history

    Views:9 The state of Maharashtra wants to remove references in its school textbooks to the Mughal dynasty, which ruled parts of India for 300 years. It means it can focus on an empire established by a Hindu ruler. But the move has sparked debate. Produced by Sameer Hashmi. Filmed and edited by...

    Newsexplored 25th January 2017
  • Utah nurse arrested for refusing to hand over blood

    Views:9 The footage shows Alex Wubbels being arrested in Utah in July, after refusing to hand over a vial of a patient’s blood to the police. Salt Lake City’s mayor, Jackie Biskupski, said the footage was “unacceptable” and that she has called Miss Wubbels to offer a “personal apology”. Related

    Newsexplored 25th January 2017
  • How long could you sit covered in bees?

    Views:9 Related

    Newsexplored 25th January 2017
  • The wedding that broke centuries of tradition

    Views:9 In 1959, breaking more than 2,600 years of tradition, Japan’s Crown Prince Akihito married a non-royal bride. The wedding was broadcast live on television and marked a turning point in Japanese society. Millions watched at home while hundreds of thousands lined the streets of Tokyo on the wedding day. Shiegeo Suzuki...

    Newsexplored 25th January 2017
  • The man who makes prosthetic hands for free

    Views:9 Related

    Newsexplored 25th January 2017
  • The man who makes prosthetic hands for free

    Views:9 Related

    Newsexplored 25th January 2017
  • Meet the Indian women sailing round the world

    Views:9 An all-women team from the Indian navy are about to embark on a historic mission to sail around the world Their voyage will be the first Indian circumnavigation of the globe by a female crew, and the team want to inspire other women. Produced by Suranjana Tewari; Shot and edited by...

    Newsexplored 25th January 2017
  • Massachusetts winner of record $758m lottery jackpot quits job

    Views:9 Related

    Newsexplored 25th January 2017
  • Rio: Organised crime on the rise

    Views:9 Related

    Newsexplored 25th January 2017
  • Will fairy tale Białowieża forest survive Poland’s fight with the EU?

    Views:9 Related

    Newsexplored 25th January 2017
Scroll for more
Tap
data-ad-format="auto">
NewsExplored

NewsExplored - Making sure all the latest news is explored?

Contact us for help

  • Popular

  • Latest

  • Comments

  • The UK professor and the fake Russian agent
    UK26th March 2021
  • Atlanta spa shootings: How we talk about violence
    USA19th March 2021
  • Deshaun Watson: Houston Texans quarterback being investigated by police amid 21 civil lawsuits
    USA3rd April 2021
  • Arsenal 0-3 Liverpool: Diogo Jota scores twice in Premier League win
    Sports3rd April 2021
  • Tiger Woods car crash: Golfing great drove at almost double the speed limit
    USA7th April 2021
  • Georgia voting: Fact-checking claims about the new election law
    USA7th April 2021
  • Deshaun Watson: Houston Texans quarterback being investigated by police amid 21 civil lawsuits
    USA3rd April 2021
  • Derek Chauvin trial: Why role of TV cameras could come into focus
    USA28th March 2021
  • Les Rehrer says:

    Hello Its me :P and thanks for this post

  • optumrx login says:

    Thank For News.

  • Kent Laatsch says:

    Please let me know if you're looking for a writer…

  • Bob says:

    RT News was where I learned that Erdogan controlled isis.…

Copyright © 2018 Top News Theme. Theme by MVP Themes, powered by Wordpress.

Denmark orders migrants to integrate & teach their children Danish or face LOSING benefits
Migrants risking death by travelling on roofs of TRAINS in icy conditions to reach Germany
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok