Nigel Farage – Europe Is Unraveling & Headed For Collapse
July 6, 2012
Today MEP (Member European Parliament) Nigel Farage gave King World News an extraordinary interview. Farage told KWN, âAs we speak weâre doing this interview live, the Spanish 10-Year bonds are trading back over 7% again. Nothing has been solved.â Farage also said, âBut 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 doesnât actually exist. Itâs imaginary.â Farage also discussed gold, but first, here is what he had to say about what is happening in Europe: âWe 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, thereâs been a breakthrough, well, of course they always say that donât they?â
Nigel Farage continues:
âWeâre 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 thereâs 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, âLook guys, we didnât agree to this. We just didnât agree to this.â So when van Rompuy came to the European Parliament, he sort of parroted the word âbreakthrough,â though without very much passion or feeling.
I was able to say, âLook, this is complete nonsense. There is no breakthrough.â As we speak weâre doing this interview live, the Spanish 10-Year bonds are trading back over 7% again….