THE FAILED European single currency could come crashing down in a matter of years, according to former prime minister David Cameron.
Cameron told a gathering of students at DePauw University in Indiana, US, about his concerns over the Euro, and said: “It is not working as it was intended."
In his first major speech since resigning at the Tory leader, Cameron said: “I see more trouble ahead… I wonder how long it can last.
“Some countries have seen decades of lost growth - those countries have a single currency but they don’t have a single fiscal system, a fiscal tax system. It creates bigger differences.”
“You in the United States have ways to make sure that if you have a bad year you pay less in taxes and offset federal programmes. There are no such arrangements in Europe.”