EU DEATH KNELL 'US President Donald Trump could DESTROY the EU and Euro' - shock warning

THE European Project is on the brink of being destroyed because of Donald Trump’s victory in the US election, an economics advisor has predicted.

The billionaire tycoon’s win could also see the eurozone dramatically torn apart as the euro currency becomes “less attractive” against the dollar. 

The bleak outlook for the crumbling European Union (EU) comes from macro-economic advisor Dr Thorsten Polleit who also conceded the Brussels club is doomed because it is “deprived of its most powerful intellectual and political advocate”. 

He said: “The yield gap between the US and the euro is set to widen, making the euro less attractive vis-à-vis the Greenback (dollar). 

On top of that, even if Mr Trump’s administration does not buy wholesale into the neo-isolationist ideology he espoused during the election campaign, it won’t simply champion the cause of the globalists.

“As a result, the European integration project will be deprived of its most powerful intellectual and political advocate.

“This should add to investor uncertainty as far as the euro’s future is concerned.”

Donald Trump beat Democrat candidate Hillary Clinton to take the White House in a historic moment.

Ever since, EU bureaucrats have watched on nervously as the President-elect’s victory sends shockwaves through their fragile economy. 

Back in 2012, the European Central Bank (ECB) president Mario Draghi pledged the bank would do “whatever it takes to preserve the euro”.

Dr Polleit said: “Mr Trump’s presidency could actually test the single currency to the breaking point.

“A really plausible scenario is that sooner or later the ECB, desperately trying to prevent the euro debt pyramid from collapsing, pursues a policy of high inflation before the euro eventually falls apart.”

Following Britain’s momentous decision to turn its back on Brussels, Dr Polleit warned this could be the final blow for the crumbling bloc. 

Writing for Mises Institute, he said: “The United Kingdom’s decision in June to do the ‘Brexit’ has already dealt a heavy blow to peoples’ confidence in the EU being an economically and politically desirable institution. 

“The chances of the project stalling are now even greater, and the ties that bind the union together may even unravel.

All this raises the question as to the single currency’s raison d'être. Doubts about its viability will exacerbate the economic misery especially of weak euro member states.

“Investment in these countries will slow down, further suppressing production and employment. 

“What is more, many eurozone banks engage in cross-border lending, and they will of course suffer if the euro’s very existence is called into question.