In this great interview between Brexit watch and Richard Tice, Mr Tice said: He said: “When the pressure is on and the chips are down, all individual member-stars looked after themselves.
He said: “When the pressure is on and the chips are down, all individual member-stars looked after themselves.
“There was massive panic across the bloc and the EU was left floundering in the distance.
“Lots of nations had a massive wake-up call. Economically, I was worried before the crisis.
“It is clear that there is a two-speed Europe, between the Mediterranean southern states and the higher-growth more cautious northern states.
“I can’t see how the eurozone can hold together unless you had a massive transfer of debts and liabilities through the ECB, between Germany and the Mediterranean states.
“Ultimately, they will probably hold together by some fudge, throughout the ECB with a transfer of liabilities.
“Germany will have to write off the debts owed to it by the southern European states, that’s the only way it can hold together.”