Following the visit to the North East by top economist Roger Bootle, local UKIP MEP Jonathan Arnott has endorsed his remarks.
“Roger Bootle is absolutely right. The current weakness of the euro is no surprise, given that they’re trying to have the same financial policy for Germany as for Greece. We’re just fortunate that we’re outside the eurozone and have been insulated from some of the worst excesses of the financial crisis.
“If Greece wasn’t in the euro, it could devalue its currency and develop exports. People would flock to Greece for cheap holidays and bring employment back there. It’s time to admit that the euro experiment is a failure.
“It’s good that he recognises the scaremongering about British business is just that – and how timely, coming on the same day that Airbus revealed the bizarre claims in the Channel 4 mockumentary ‘The First 100 Days of UKIP’ are entirely unfounded.
“Outside the EU, we could reignite our relationship with the Commonwealth – which covers over 25% of the world’s population. And, like Switzerland, we could develop our own free trade agreements,” he said.