Doomed From the Start: Unviable EU is ‘Fundamentally Flawed’ / Sputnik International

2012: What's the 'real' truth?


Neil Woodford, head of Woodford Investment Management, raised concerns about the growing “economic disparity” between the richer and poorer countries in the bloc and says he is “very conscious of the stresses and strains” within the EU.

On top of problems within the Eurozone, Mr Woodford said the calls for Britain to leave the bloc would also have an impact on the UK economy.

David Cameron’s Conservative party has promised to hold an in-out referendum on the EU if they win May’s general election.

While Mr Cameron has said that he would prefer to remain part of the EU, he believes this is only viable with the renegotiation of Britain’s agreement with the bloc.

“The likelihood of a referendum, I think, will put a brake on external investment, international investment in the UK… it will create uncertainty,” Mr Woodford said in an interview with the BBC.”

“It’s a gut feel that investors will definitely have to impute a higher level of uncertainty with respect to the future of the economy, [and] the currency. All those things will…

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