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'The euro is gone within three to five years,' one expert says

CNBC CNBC 24/06/2016 Christine Wang
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The chairman of the Burnbrae Group told CNBC on Friday he sees the end of the euro looming on the horizon after the British vote to leave the European Union.

The currency hit a low of $1.0909 against the dollar after the vote. It has since recovered some of those losses.

Burnbrae's Jim Mellon told CNBC's "Worldwide Exchange" the euro is "unsustainable." He said that within the euro zone, Germany's currency is "significantly undervalued, but France's is overvalued."

"I think the euro is gone within three to five years, as it currently exists," Mellon said.

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