According to Nigel Farage, leader of the UK Independence Party, leaders of northern EU nations realize they risk vast losses if they allow Cyprus, Greece or any other southern member to fail. To prevent this, they have resorted to extreme measures—even theft.
Farage says there is less political will on the part of northern Europe to go on bailing out southern European countries. Cyprus is the fifth country out of 17 that has needed a bailout. But he never dreamed that EU bosses would resort to stealing money from people’s bank accounts.
Unfortunately, the EU cannot afford to let any one country fail. If that happens, the whole deck of cards will come tumbling down and countries like Germany will realize vast losses.
Thus, they are prepared to do anything to try to keep the euro afloat, and that is why they have turned to what can only be described as theft. Now that it’s been done in one country, there’s no reason it can’t be done elsewhere.
Farage says the message that sends to people who have savings in banks in Portugal, Italy, Ireland, Greece and Spain is “get your money out while you can.”
Friday, April 26, 2013
‘Euro is a house of cards waiting to topple’ – Nigel Farage
Posted by Unknown at 3:17 PM