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Eurozone could be set to CRASH: Expert warns ECB has fears over rapidly rising Euro

THE European Central Bank fears that the Euro might CRASH after its value has been rapidly increasing against the dollar, a top economist has revealed.

The Euro could be set to PLUNGE in value after increase in valueGETTY

The Euro could be set to PLUNGE in value after increase in value


The exchange rate between the Euro and the US dollar has been tightening throughout the summer.Writing in the Financial Times, Italian economist Lorenzo Bini Smagh said: “The EuropeanCentral Bank seems to be increasingly concerned about the exchange rate of the euro, which has been rapidly appreciating against the US dollar over the summer.

“Rightly so, considering past experience.”

Currency tends to rise and fall in cycles lasting a period of years, but a fast appreciation could suggest a sudden downturn.

http://www.express.co.uk/news/world/853560/Eurozone-CRASH-Expert-warns-ECB-has-fears-over-rapidly-rising-Euro?utm_source=traffic.outbrain&utm_medium=traffic.outbrain&utm_term=traffic.outbrain&utm_content=traffic.outbrain&utm_campaign=traffic.outbrain

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