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Rupert Lowe, Brexit MEP for the West Midlands, says the only thing that is propping up the EUs sclerotic economy and Euro currency is the European Central Banks quantitative easing programme. QE, as it is known, is when a Central Bank prints money and pumps it into the economy to stimulate growth and job creation. Since 2015, the European Central Bank has bought around 2.1 trillion (1.8 trillion) of assets in a bid to boost Europes ailing economic activity.

In an exclusive interview with Express.co.uk, Mr Lowe said: The EU was failing so they rammed the Euro in.

The Euro is destined to fail and would have failed by now but for massive Central Bank quantitative easing.

It is the sort of thing third world dictators used to do shortly before they descended into chaos and that is so far what weve all got away with.

Quantitative easing is basically getting high on your own supply. I think but for that, the European Union would have collapsed, the Euro would have collapsed and it is destined to be an absolute catastrophe when it does go.

Describing the EU as a protectionist entity created by socialists, the former owner of Southampton FC argued that Britain had absolutely nothing to fear and everything to gain from a no-deal Brexit.

He explained: I dont see any problem myself with leaving on World Trade Organisation rules.

The whole of the Establishment machine has frightened everybody into thinking that we have to have some form of trade deal signed and sealed before we can leave, but its nonsense.

Our trade is growing with countries like India, Uzbekistan and other developing countries and we dont have a trade deal with them.

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The Brexit MEP described it as lunacy not to do so, although he did concede that Britain should still trade with Europe.

He was confident that Michel Barnier and his chums would agree a trade deal with the UK, given that the EU benefits to a far greater extent from commerce with the UK than the UK does with Europe.

He said: We have a 100 billion trade deficit with Europe. If we dont reach a trade deal with Europe, they lose. It is so simple.

As a committed free-marketeer, Mr Lowe sees Brexit as a unique opportunity to unleash the buccaneering spirit of British entrepreneurialism, which must not be constrained by an interfering British state.

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He said: I am a free-marketeer, I do not believe in the state getting anything right. If you look at history, the state always gets things wrong.

We want an economy with a minimal state; it encourages entrepreneurial behaviour and now is the time for entrepreneurship.

Look at how things are changing. We cannot have this sort of historical cloth-cap view of how life should be lived.

We have to let entrepreneurs and the people drive where we go, not the state.

Boris Johnson has declared that the UK will leave the EU by January 31 2020 and that the transition period, in which both the UK and EU will attempt to reach a trade deal, will not be extended beyond the current deadline of December 31, 2020.

Should both sides fail to reach an agreement, the UK will leave without a trade deal and conduct its future trade with Europe on WTO terms.

See more here:
EU on the brink: Brexit Party MEP warns of imminent Euro catastrophe and Brussels collapse - Express