Jim Mellon: "EuroZone will implode in 3-5 years."
Mr. Mellon sets out what he says are the clear reasons for the impending collapse. France and Italy are in “debt traps,” meaning they are not able to grow their way out of evermore expanding debts.
Meanwhile, structural reforms are not available to a French government prevented from employing such measures by striking workers, and in Italy the banks are in “perilous trouble”, as reported previously by Breitbart London. For these reasons, Mr. Mellon says:
“France and Italy are probably going to be the key factors in the implosion of the Eurozone.”