Mr Bootle also made a worrying prediction for the EU economy as a whole. He said: “As and when Italy finally blows up this will cause both a banking crisis that will shake the European economy and a political crisis that will rock the EU to its foundations.” It is now the third time Italy has fallen into recession in a decade. There has been a weakening of growth rates across the eurozone, which led to the EU increasing its GDP by only 0.2% in the final three months of 2018.
Source: ITALEXIT: : Italy to CRASH OUT of Euro causing banking crisis in the EU claims economist | World | News | Express.co.uk
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