Farage on Greek default.
Most economic rationalists are favoring the idea of Greece leaving the Euro in order to survive. The EU though and the US are determined that this should not happen, with the result that the world economy is tottering on the brink of the very disaster they hope to avoid. Even if they were, by some miracle, to bail Greece out, Spain, Portugal, and Italy are in the queue to be next, and that’s just for starters.
Meanwhile Australians are outraged that our government is telling us that we have ‘a responsibility’ to assist the World Bank to bail out Europe. US taxpayers feel the same.
Daniel Hannan is a frequent commentator on the issue of forcing more loans onto already insolvent economies, and on this occasion Nigel Farage has weighed in:
The EU is not only undemocratic, but antidemocratic and to continue to prop it up is close to supporting creeping totalitarianism; free societies should welcome its demise. Here is a link to Pat Condell breathing fire on the issue:
And for Ron Paul fans, here is his take on the subject.
That we had a Nigel Farage in Australia - Balls of Steel!
ReplyDeleteBut take a look at http://www.dailymail.co.uk/news/article-2149193/Greece-WILL-leave-eurozone-January-1-2013-Citigroup-boss-predicts-exit-date-warns-massive-wave-contagion-Europe.html
Might just be the start of something!
Have a good weekend.
Good article. I think the longer they keep this charade going, the sooner the Euro will go the way of the Dodo.
ReplyDeleteWho should leave the Euro Zone, The Germans or Greeks?
ReplyDeleteIf possible, it is better that no one exits from Euro Zone. If one of them separates from Euro Zone, then United States will take their place.
By: exchange rates