Nigel Farage: Van Rompuy, Barroso Worst People In EU Since 1945 – ‘All We Do Is Kick The Can Down The Road’ – ‘The Whole Thing Is Headed For A Gigantic Bust’ – ‘There Is Not Enough Money In Europe To Bail Out Italy’ (Video)


YouTube Added: 29.06.2012

Description:

After a tough night of wrangling, EU leaders have agreed to set up a new authority – tasked with keeping sinking banks afloat. And to do that, the new agency will be given access to Europe’s mammoth bailout funds – stocked in a large part by taxpayer money. This exact function was previously carried out by governments. But now, the EU can bailout a nation’s banks – without adding to the government’s debt levels – at least on the books. It’s something that Germany strongly opposed, but was forced to relent on due to Spanish and Italian insistence. Nigel Farage, a member of the European Parliament and leader of the UK Independence Party, believes that it’s Germany who plays the deciding role in these talks.

Leave a Comment