Nigel Farage: Euro Break-up Inevitable, the Euro is DOOMED!

UKIP leader Nigel Farage goes on another EPIC RANT in front of the European Parliament, and claims that contrary to European MOPE, a Euro break-up is inevitable, its only a matter of how.

Transcript:

“It’s a great shame Mr Van Rompuy’s not here because a month ago he told us the worst was over, we’d reached the turning point. He even told us that he’d solved the Euro crisis! Well, today we’ve got a more realistic Mr Barroso who says if we follow his policies and stick together we can solve this in the end!

Sorry! No one believes you anymore, and actually, in the face of the rapidly deteriorating situation these comments look ridiculous.

In Spain mass unemployment gathers by the day and internal democracy in Spain is now under threat.

In Italy where we were told Mr Monti would sort it all out, growth figures are falling and the bond spreads are worsening and now an IMF official has come out and said that it is obvious that at some point  the Euro break-up will happen. These are big changes. The Euro is doomed!

And your policies, Sir! Even if Greece accepts the austerity you’re putting upon them, even if for the next eight years they obey all of this they will still, in 2020, have a debt:GDP ratio of 120% which makes one ask “What is the point?”.

And in Spain – If Spain was able to increase… [interruption]

The difference is, Sir, Britain is not trapped inside the economic prison of the Euro.

Now take this: If Spain was to increase…  If she increased her productivity growth by half a percent a year, which at the moment looks unlikely- If Spain did that it would take her 40 years to close the competiveness gap with Germany. These countries were sucked in to a totally false economic boom with artificially low interest rates and they are now paying the price. These policies cannot succeed.

Mercifully, outside of this institution, economists the world over now say that it is inevitable that the Euro will break up. It is just a question of how. And I really hope that the IMF now decide to stop pouring good money after bad into these bailouts and I really do hope that not one penny piece more of  British taxpayers’ money goes into propping something up that should be allowed to die.”

Comments

  1. Excellent speech!!!!

    I love the speaking ability of Farage and Daniel Hannan!

    They are so animated and great orators unlike our American politicians who are so reserved like pussycats.

    Here is the famous Hannan speech that made him world famous:


  2. We desperately need a Nigel here in the US to speak to the congress and senate at least once a month. I nominate Ranting Andy!

  3. But bet it’s not. Maybe it’ll be like a dandelion that gets yanked outta the ground breaking off at ground level…..but is right back before ya know it;  Those pushing one world monitory system aren’t going away any time soon.

  4. Those pushing one world monitory system aren’t going away any time soon.”


    Perhaps not but if the euro implodes, I suspect that they will become very very quiet for quite some time.

    As to Farage, yes, he is a great speaker, is highly animated, and has the courage of his convictions.  Can we outsource the entire US federal government and let him run it?  Think of the savings!  Think of the truth telling!  Think of all that homeless DC BS!  ;-)

  5. The euro needs to go it is a pure fiat currency, at least the FRN and the Bank Of England Notes are still legally promissory notes denominated in gold and silver (of course they have defaulted and no longer pay their bills and no so their not much better…).

  6. dang wish I could edit my comment in here…

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