Tuesday, July 03, 2012

Farage – On the Future of the European Union

“You can only go on kicking the can down the road for so long…”  -  Nigel Farage

The setup for the video below reads:  “After a tough night of wrangling, EU leaders have agreed to set up a new authority - tasked with keeping sinking banks afloat. And to do that, the new agency will be given access to Europe's mammoth bailout funds - stocked in a large part by taxpayer money. This exact function was previously carried out by governments. But now, the EU can bailout a nation's banks - without adding to the government's debt levels - at least on the books. It's something that Germany strongly opposed, but was forced to relent on due to Spanish and Italian insistence. Nigel Farage, a member of the European Parliament and leader of the UK Independence Party, believes that it's Germany who plays the deciding role in these talks.”

 
Source:   Russia Today (RT) via YouTube
http://www.youtube.com/watch?feature=player_embedded&v=5z7RVT0a8zI

Thanks to Vulture C.C. for the link. 


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