Nigel Farage – Europe Is Unraveling & Headed For Collapse

Friday, July 6, 2012
By Paul Martin
July 6, 2012

Today MEP (Member European Parliament) Nigel Farage gave King World News an extraordinary interview. Farage told KWN, “As we speak we’re doing this interview live, the Spanish 10-Year bonds are trading back over 7% again. Nothing has been solved.” Farage also said, “But the other point that I was making this week was that this bailout fund, this European Stability Mechanism, which is supposed to have firepower of up to 700 billion euros, it doesn’t actually exist. It’s imaginary.” Farage also discussed gold, but first, here is what he had to say about what is happening in Europe: “We had this summit two weeks ago. The usual sort of thing, all sorts of horse trading going on right into the early hours of the morning. Then at about 4:30 in the morning an announcement gets made, there’s been a breakthrough, well, of course they always say that don’t they?”

Nigel Farage continues:

“We’re told the bailout fund is now going to be more flexible, that it can bail out banks directly and not have to go through governments. For a few hours the markets believed them and there’s a rally. And then, in a very short space of time, it all starts to unravel.

Perhaps the biggest unraveling was that the Dutch and the Finns, who apparently had been in the meeting, said, ‘Look guys, we didn’t agree to this. We just didn’t agree to this.’ So when van Rompuy came to the European Parliament, he sort of parroted the word ‘breakthrough,’ though without very much passion or feeling.

I was able to say, ‘Look, this is complete nonsense. There is no breakthrough.’ As we speak we’re doing this interview live, the Spanish 10-Year bonds are trading back over 7% again….

The Rest…HERE

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