Eurocrats Carry On Up The Khyber, Determined and Delusional, says Farage

Donate to UKIP: http://www.ukip.org/donations | http://www.ukipmeps.org | http://twitter.com/#!/Nigel_Farage
• European Parliament, Strasbourg, 13 March 2012

• 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: European Council and Commission statements - Conclusions of the European Council meeting of the 1-2 March 2012.

.......................................

• Video: EbS - European Parliament
• Film source: Carry On Up the Khyber (1968)

.......................................

Transcript:
Well, you're back Mr Van Rompuy, another two and half years. No doubt a reward for your great success. Indeed, listening to you I thought perhaps I had got it all wrong.

You talked about how positive the last Council meeting had been - that we've reached the turning point, that everything is going swimmingly. I was beginning to believe it.

But then I realised you did not mention the D word- default. No, that cannot be talked about. We pretend there has not been a default. Well, we know in fact in Greece last week there was a very major credit event.

And indeed, listening to all of you this morning, reminds me of the British comedy classic, 'Carry On up the Khyber' where the colonial English go on having dinner, ignoring the fact that impending disaster is all around them. You are determined but delusional in this attempt to keep the Euro propped up.

And whilst you're enjoying your dinner, incoming shells are landing all around you. Youth unemployment in Greece went through 50 per cent last week. That's fine, carry on, serve the main course.

And you will have seen yesterday that 110 German holders of Greek bonds are going to take legal action against the banks and against the Greek Government. But don't worry chaps, carry on, everything is going to be fine.

But perhaps the biggest bombshell is the German Finance Minister saying just yesterday nobody can exclude a third bailout. Pass the port. Do enjoy the party.

I mean this is a farcical situation. And why is it happening? That's what people in Europe want to know. Why is this happening?

Is this being done to help Greece? No, it is going to crucify Greece.

It is being done to prop up a failing project because you know that once Greece goes, others will go as well.

And some of the language! Mr Barroso, when leaders stand up and say that political moves are irreversible, history has one lesson. You are always, always going to be proved to be wrong.

.......................................
• EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom

• Category

  Nonprofits & Activism

[Black99Fox]

Gotta love the Brit sense of humour hahahaha !

[SUPwityoo]

I wish Dr. Paul was this eloquent...

[5ONE41]

So I'm a year late on this, but the short answer is that it is true regardless of the jurisdiction. Bailing out banks and governments hasn't been any kinder to countries like the US & UK than it has to the Eurozone. Removing the natural checks against poor management (aka responsibility for the consequences) only encourages more of such behavior in the future. But supranational currencies have all the same issues plus internal competitiveness and sovereignty concerns, so they're strictly worse.

[1975davidhaz]

Because he'd sound like a paranoid conspiracy theorist if he did that, You need evidence to make such claims.......

[MrBigTorp]

Would love to see a movie called 'Carry on up the Euro', Starring Sid James as Farage, Kenneth Williams as Barroso, Charles Hawtrey as von Rumpoy. Any thoughts on the rest of the cast?

[MrGchiasson]

One day, he'll stand on the sideline as Europe & American economies & finances collapse..

He'll have every right to shout out, " I told you so...you pathetic morons!!!"

[plumber alan]

Good to see apolitician who tells it like it is , this Euro Empire building project has hit the buffers!!!

[Christopher Reeves]

"Oh dear, I seemed to have got a little plastered" Hahahahaa!

[birdienumnums1]

I hope all those politicians, who have colluded in this farce of the EURO and the whole banking system will be relieved of their jobs when the whole thing crashes? Stock up on food and get some cash out, have you all thought what will happen when the bank runs start?

[mphello]

Exactly what *I* said, but I got downvoted.

Ok - if I'm wrong about a global currency, I'm wrong. I don't care. I'm not pushing for it.

I'm just trying to understand why the basic logic of "bailing out banksters causes economic devastation" wouldn't be true for separate currencies rather than a global one.

[mphello]

Apparently lazy non-working parasitic bankers and politicians downvoted my comment.

Ok - what you said makes some sense. But, I reiterate: having sovereign national currencies STILL won't solve the major problem that Max Keiser has rallied against for the past 3+ years on RT: bankers and their enormous bonuses and bailouts.

[5ONE41]

As I understand it, the problem is not simply the exchange of currencies, but that with a unified currency so must go a unified monetary policy. These policies are designed with respect to the needs of the economy at the time, and on a Continental scale the needs of different countries are too diverse to be satisfied by a centralized policy. You might be able to get around this if the currency had a fixed value, backed by a commodity like gold. I could be wrong, but that's what I get from it all