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U.K. Independence Party Leader Nigel Farage on the causes of the financial crisis in Europe.
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Are we no one's really to blame for Europe's problems like this guy says let's bring in Nigel Faraci is leader of UK independence party is a pleasure to talk did -- we've been playing your -- that you have weaker so is have a lot of people so what do you think this claim that it's the fault of the United States the problems that Europe pass will remember.
Remember this legend media -- -- real complete idiot and -- -- that that all what I forgot the Italian.
He's also a Communist because when he was a student told her he was actually supports I know -- not joking he was a supports chairman Mao.
What -- just about the most extreme cold of -- -- An exact site of the guy is the guy is a deluded idiot I do my best in the European Parliament to -- is out of the wild but he.
In this very short little statement -- has now approved everything I've been saying about him for the last night and ideas to be completely true look.
-- -- That's.
-- do that cleans them.
Period.
-- Greenspan in charge of the Fed some big mistakes were made -- in terms of banking.
I had some of those illnesses did spread to cut its two other countries including Europe but the reason the -- -- -- -- -- this ladies and is they put together a completely artificial currency with countries that never fitted together.
They've -- on top of that.
A regulator recalls burden through excess regulation on the environment.
Unemployment legislation that is driving parts of Europe towards -- with welcome.
Inside united America you ought not to -- Up well frankly I wasn't gonna lose much sleep over that might -- On top of everything else we now we now have all of these billions and billions of euros hundreds of billions of euros going into these bailouts.
Where is all that money going.
What what he's doing effectively.
Is it kind of goes straight through.
The governments and straight back to the banks from the member states have given the money in the first place and it's very audible in the case of spying.
The only -- a Spanish problems are Spanish banks.
And say the -- say the European commission and the European Central Bank give money despite his bags to buy it's got the Spanish.
Government -- this and the holding the job all of these gave us that it's the same -- -- have been -- round around to round out at the end of the day this whole thing is going box well it's about -- honestly -- but instead of private investors.
Being the victims -- taxpayers because taxpayers.
Are footing the bill for these bailouts which is you say.
Only bail out the bondholders which are the bag so tax -- once again it's the middle class tax Payer that's bailing out the millionaires correct.
Yes it is and that's why we're seeing the beginnings of a real democratic revolution.
Taking place across the north of Europe.
Just -- months ago in Finland -- very conservative country in every way.
A very news political party headed up by friend of mine -- woman general election.
We're seeing in the Netherlands.
With elections coming up.
I'm in September over 50%.
Of the policies there in the polls actually want to get out of the European Union.
Not just the -- resign.
-- in this country we've seen my policy you can't I would think -- -- in the polls.
And now posing a real challenged intellectually and in terms of votes as well to the conservative government there is big.
Big change taking place in Europe are not is because we have been led effectively by group -- Communists to a total -- -- well what.
At the at the very least this sort of European socialism by the way we have a part of your independence party creed where you say quote.
We believe and the minimum necessary government -- defends individual freedom supports those in real need.
Takes as little of our money as possible and doesn't.
Interfere in our lives basically is out -- libertarians -- a short description of what you are.
A complete get off late in fact that what I that is isn't it vehicle I'll go I don't -- of that because you guys and that's what we're Altria I'd I'd I'd listen listen only evidence says amid what we -- right over here.
-- -- -- -- Over the course of the last fifty years was something called the Soviet Union.
The believed in central management.
The -- parliamentary democracy didn't -- the believed what educating bureaucrats new -- the week the poll peasants how best -- -- should be led we sold the Soviet Union crash and economically democratically.
And in every -- away.
And frankly and if the shocks people I'm -- I'm sorry about what we do laying.
In Brussels with -- On the other -- Iraq and federal -- running all of this is we're actually rebuilding.
A model of centralized undemocratic government run by the bureaucrats -- headed for the same problems and that is why I don't believe this can be somehow amended or changed or improved.
I believe we go to break this whole thing -- and get back to Europe and democratic sovereigns nation states that that the trade much into the job but perhaps stop focusing again on the -- was living in a globally coming out Nigel is as you well know 2010 we had a sea change in our political system dramatic change in power due largely to the influence of people -- -- ideal similar to those that I just mentioned is your -- When you think it it it you guys are actually gonna take the electoral lead and win some of these elections.
Eight to listen it does not but I -- It takes time this is more question I think really evolution than revolution -- Lehman both of Europe.
But I think the Dutch elections in September will be very significant -- my I think -- the the Netherlands have traditionally been a very pro EU.
And pro Euro country.
And now Hulk working Dutch people are saying look why should we sign a blank check in pet agility.
To go on bailing out Greece -- -- once but twice and now we're told today but they'll be -- -- bailout coming.
Very say in a -- saying what are unit went against the Greeks.
We wish these people any com but shortly better that recognize that Greece should just leave the -- right -- a flight that way back.
To competitiveness so I think September.
Is going to be a very important moment -- those Dutch elections Nigel fraud please come back -- serious again Nigel to pleasure -- you appreciate your being here.
The United Kingdom Independence Party leader appreciated --
