YouTube Added: 12.12.2012
• 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 – http://nigelfaragemep.co.uk
• Debate: Preparations for the European Council meeting (13-14 December 2012)
Council and Commission statements
When, many years ago I stood up in this place and said the euro project was flawed and would end very badly, I was met with a wall of derision in this house and I must admit it was a very lonely old game.
But now there is a growing number of people here who recognise the flaws in the euro project and indeed out in Europe roughly half the population of the EU and the Eurozone now regret going into the currency.
And I was pleased to see this week, that an even bigger voice is now being heard among the experts in the financial community. Indeed the Danish bank, Saxo Bank, said that Eurozone leaders are behaving like drug addicts and alcoholics. And how right Saxo Bank are because you keep on taking that same drug that is doing you and the peoples of Europe so much damage. It is time for some recognition that Mediterranean states do not fit into the Eurozone and if this summit pushes on towards banking and fiscal union it is not going to help anybody, it’s going to break up in the end.