British MEP Blasts EU For Greek Bailout, Says It Will Lead to 3rd Bailout

Wednesday, June 22, 2011

Nigel Farage, Member of the Europen Parliament (MEP), lambasted the European Parliament (EP) on Wednesday, saying that the planned EU growth package puts Greece on the straight road for another bailout.

Farage also reminded Greek MEP Niki Tzavela that Britain left the European Exchange Rate Mechanism (ERM) in 1992, after it was forced to raise interest rates to the double level of Germany then. This had cost the UK one million jobs.
Nigel Farage is the only knowledgeable MEP who understands that the EFSF and ERM will not work as described here 20.10.2010 - The Day The EU Started Dying and here "The ESM Will Be Just Another Failed Attempt Of Fighting Debt With Debt".


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