Posts Tagged ‘Eurozone’



Years ago, Mrs Thatcher recognised the truth behind the European Project. She saw that it was about taking away democracy from nation states and handing that power to largely unaccountable people.

Knowing as she did that the euro would not work she saw that this was a very dangerous design. Now we in UKIP take that same view and I tried over the years in this parliament to predict what the next moves would be as the euro disaster unfolded.

But not even me, in my most pessimistic of speeches would have imagined, Mr Rehn, that you and others in the Troika would resort to the level of common criminals and steal money from peoples’ bank accounts in order to keep propped up this total failure that is the euro.

You even tried to take money away from the small investors in direct breach of the promise you made back in 2008.

Well the precedent has been set, and if we look at countries like Spain where business bankruptcies are up 45% year on year, we can see what your plan is to deal with the other bailouts as they come.

I must say, the message this sends out to investors is very loud and clear: Get your money out of the Eurozone before they come for you.
What you have done in Cyprus is you actually sounded the death knell of the euro. Nobody in the international community will have confidence in leaving their money there.

And how ironic to see the Russian prime minister Dmitry Medvedev compare your actions and say, ‘ I can only compare it to some of the decisions taken by the Soviet authorities.’

And then we have a new German proposal that says that actually what we ought to do is confiscate some of the value of peoples’ properties in the southern Mediterranean eurozone states.

This European Union is the new communism. It is power without limits. It is creating a tide of human misery and the sooner it is swept away the better.

But what of this place, what of the parliament? This parliament has the ability to hold the Commission to account. I have put down a motion of censure debate on the table. I wonder whether any of you have the courage to recognise it and to support it. I very much doubt that.

And I am minded that there is a new Mrs Thatcher in Europe and he is called Frits Bolkenstein. And he has said of this parliament – remember he is a former Commissioner: ‘It is not representative anymore for the Dutch or European citizen. The European Parliament is living out a federal fantasy which is no longer sustainable.’

How right he is.

UKIP party leader Nigel Farage delivers his speech to the 2013 UKIP spring conference.

Beginning of speech not recorded as I was watching something else, then turned channels.

Recorded from Sky News, 23 March 2013.

Brussels Communists attempt a grab of Cyprus’ savers money as a “bailout” solution.

Recorded from BBC Newsnight, 18 March 2013.

UKIP’s Nigel Farage gives his verdict on the 2013 budget – yet another wasted tinkering at the edges budget.

Recorded from Sky News Budget Special 2013, 20 March 2013.

It’s over, the Eurozone just signed its death sentence.

The Cyprus bailout was agreed, and as part of the agreement all bank deposits over 100000 in Cyprus were reduced by 9.9% and by 6.75% under 100K
Bank ATMs were shut down, and the deposits were already automatically robbed. The entire system was all ready and prepared, they just had to press a button.

People are furious, politicians are already openly talking about leaving the Eurozone.1363455682353
But what’s worse, this is going to affect all Southern European banks, that need capital as people moved their deposits to Northern Europe.

On Monday, there will be bank runs in Greece and Spain. This is not up for debate.

This was Germany message to Europeans that the only place where their deposits are safe now is Germany and Luxembourg.
Cyprus was well known to handle Russians’ deposits as a launder, much like Luxembourg and Switzerland. Germany made sure to stop that.

Funds to pay the levy were frozen in accounts immediately, ECB Executive Board Member Joerg Asmussen said. The levy will be assessed before Cypriot banks reopen on March 19 after a March 18 national holiday. Sarris said electronic transfers will also be limited until then.

Cypriots have been taking bulldozers to the banks to try and make withdrawls.

• European Parliament, Strasbourg, 13 March 2013

• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament –

• Debate: Preparations for the European Council meeting (14-15 March 2013)
Council and Commission statements
With a resolution on the European Council conclusions of 7-8 February concerning the Multiannual Financial Framework


Well, the air is thick with denial in this chamber this morning.

There has been a major political event since we last met and no one has mentioned it. Italy had an election. And 55% of the electorate voted for Eurosceptic political parties, indeed Mr Grillo’s movement managed to get 26%. It is quite tough in European politics these days to tell who the comedians are.

And what is absolutely clear is that Eurozone membership is completely incompatible with nation-state democracy. You can do what you like to take away the powers of national parliaments but people will go on voting, and there is a trend developing right across Europe; the Eurosceptic parties are going to get stronger and stronger.

And there is complete denial about the Eurozone crisis. You’d think listening to everyone this morning that it’s over. You know, Mr Barroso comes out with a technocratic speech that everything is fine and dandy. Mind you, far better than the unutterable drivel we had from [Economics and euro commissioner] Olli Rehn yesterday which sent many members to sleep.

You are not facing up to the consequences for what you’ve done. Mr Verhofstadt talks about a lost generation in Spain, Mr Daul talks about youngsters struggling to be fed by their families in Greece.

And all of that is true, but it’s being caused by the Euro. And that is what you are failing to recognise.

The Eurozone has been a complete economic disaster. [Verhofstadt starts shouting]

And the other thing you are not going to face up to… [Chairman asks Verfohstadt to control himself]

The real problem that you won’t face up to though is the state of the French economy and the fact that France is now diverging by the month with Germany.

So right at the very heart of the European project and the Eurozone project there is a disaster coming down the tracks. I am afraid in the end, the whole thing is going to break up.

But I would also point out, you’re in denial over Romania and Bulgaria. Those two countries are racked with corruption and organised crime. They should never have been allowed to join the European Union.

I want to make it absolutely clear, we in UKIP do not believe it’s right and fair to have total open borders from next year for unlimited numbers of people from those countries to come to Britain, to work, but also, if they want, to claim benefits.

And as the results in the recent Eastleigh by-election showed the British electorate are increasingly saying ‘enough is enough’.

It’s not just us, the major of Duisburg in Germany has now publicly said that the massive influx from Romania and Bulgaria is causing huge social problems.

Ladies and Gentlemen, we’ve got to face up to it. We should not be in political union with Romania and Bulgaria.

Thank you.