German MEP savages EU for ‘breaking their own rules’ to save crumbling eurozone

Tuesday, August 1, 2017
By Paul Martin

EUROPEAN UNION bosses have been accused of flaunting their own rules in order to save their political project from destruction, according to a senior German MEP.

Tue, Aug 1, 2017

Hans-Olaf Henkel, vice-president of the European Parliament’s third-largest group the European Conservatives and Reformists, launched the furious tirade at Brussels leaders after they allowed Italian banks to be bailed out to save their single currency.

The German accused the European Commission, headed up by its president Jean-Claude Juncker, of breaking its own rules to keep the euro afloat while it faces difficulties due to faltering economies across its southern states.

Speaking during an exclusive interview with, Mr Henkel also scorned Mr Juncker and co for not offering the same level of flexibility to keep Britain inside the European Union and avoided Brexit.

The German blasted: “The only way of keeping the euro was breaking all the rules.

“The same Commission, and the same heads of states, who said we must not allow one exception to our rules – the same people constantly violate our rules in order to keep the euro.

“I’m afraid they will continue to do so because they either stick to the rules and the euro is dead, and that it’s obvious they made a mistake, or they continue to violate all of the rules so nobody will find out they’ve made a mistake.”

The EU laid down new rules to protect taxpayers from banking failures in 2014, after member states used almost two trillion euros to prop up lenders during the crisis.

Another ruling, introduced last year, forbid taxpayers’ money being used to rescue lenders without investors also taking a hit.

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