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The architect of Brexit warned the European Union is set to face increasing struggles as embattled Italy fights top Eurocrats to have their budget proposal accepted.

Deputy prime ministers Matteo Salvini and Luigi di Maio have refused to budge from their proposal after Economic Commissioner Pierre Moscovici rejected their deficit target of 2.4 percent of their gross domestic product.

Speaking to Fox Business, Mr Farage said: "Italy is a member of the eurozone as a result of which they have been stuck inside a German-dominated currency that has done their country no good at all.

"Now they are beginning to realise that you cannot be a democratic nation and a member of the European Union. I’ve said it before, I’ll say again, it is only a matter of time before this breaks up. And the betting is it is Italy that will do it."