A BREXIT combined with a surge of anti-EU politics will leave the crumbling of the union as a question of “when the systems breaks, rather than if” financial analysts have claimed.
The experts, who looked at the fragile reforms that were put in place after the debt crisis of 2008, claim that extra struggle within the bloc – such as the pressure of Britain voting to leave in the upcoming referendum – could see the union break down altogether.
Colin Ellis, Managing Director of financial analysts Moody’s told Breitbart London: ““We have seen substantial institutional changes in Europe over recent years.
“However, as significant as these steps were in political and economic terms, great vulnerabilities remain in the euro area.”
The experts went on to publish a report outlining how those vulner
abilities could be stretched to the brink if Britain severs ties with the bloc.
Mr Ellis said: “Even if the EU survives its current challenges largely unscathed, even a ‘small’ future crisis could threaten the sustainability of current institutional frameworks, if it coincided with negative public sentiment and populist political developments, the report warns.
“This can create the impression that the question is when the system breaks, rather than if.”
It comes after fears within the EU camp that growing Eurosceptic factions in countries such as Denmark, Czech Republic and Poland could force similar referendums across the bloc if Britons choose to sever ties with Brussels fat cats in June.
Antonio Barroso, senior vice-president of political risk consultancy at Teneo Intelligence believes a British rejection of Eurocrats in June could lead to the “disintegration” of the EU.
He said: “The main concern is that an unexpected exit of the UK from the EU could lead to similar initiatives in other member states, making Brexit the first step towards the disintegration of the union.”
Mr Barroso warned that Denmark could be the next nation to quit the bloc due to the prominence of eurosceptic the Danish People’s Party (DF).
He added: “Brexit could embolden the increasingly popular DF to push for its own referendum project.