Recent data showed eurozone inflation increased to a record high last month. This will likely lead to the European Central Bank (ECB) raising interest rates this year as a correctional measure. Now Dutch ‘Nexit’ campaigners have warned the eurozone will face imminent economic instability.
Nexit Denktank analysts said: “With high inflation, government debt can ‘melt’.
“Southern European countries such as Greece, 210 percent, and Italy, 156 percent, have high debts and inflation is in their interest and of the euro.
“The Netherlands has low debts, but cannot change course because of the euro.
“If Italy goes bankrupt, it means the end of the euro.
“Their national debt is too great to save as Greece has.
“This was stated by Jeroen Dijsselbloem (former Eurogroup president) and also confirmed by professors of EU law.
Referring to the advancing inflation of the euro an Express.co.uk reader called Greypower stated: “The EU is a forced marriage of a mishmash of Countries.
Another Express.co.uk reader known as CR2 commented on the escalating inflation of the euro and said: “Since the UK cash cow left the EU have been left on the edge.
“You can see why they tried to stop us from leaving.
“We propped up the EU, let the EU collapse and be done with it.”
Another reader commented that the EU’s inflation has risen to the same level as the pound.
The reader, known as, said: “Wow just read that EU inflation is at 5 percent, the same as the UK.
“When will the remainer liars stop spurting nonsense that it is just the UK that is suffering high inflation?”
However, interest rate hikes are expected in the UK and the US, due to climbing inflation of the pound and the dollar.
Chief investment officer for Independent Advisor Alliance Chris Zaccarelli said: “Inflation is the main concern for the Fed.
“They are going to go ahead with rate hikes and potentially balance sheet run-off in order to remove monetary accommodation.
“The report today is unlikely to do anything to change the Fed’s mind.”