Business

‘Total & Utter Failure’: Watch This British Politician Mercilessly Berate EU Leaders

Speaking before the European Parliament in Strasbourg on Wednesday, leader of the UK Independence Party Nigel Farage used his time to do what he does best: verbally savage the eurozone leaders responsible for keeping the 17-nation union on the road to financial ruin.

“Another one bites the dust. Country number four, Spain, gets bailed out and we all of course know that it won’t be the last,” Farage said.

“Though I wondered over the weekend whether perhaps I was missing something, because when the Spanish Prime Minister Mr. Rajoy got up, he said that this bailout shows what a success the eurozone has been,” he added.

(Related: ‘Making the Situation Worse’: Jim Rogers Explains Why the Spain Bailout Is the ‘Most Insane Thing’ He’s Heard)

Indeed, since announcing the massive, multi-billion euro bailout, the Spanish Prime Minster seems to be laboring under the delusion that all is well and that the worst of the eurozone financial crisis has passed. In fact, he has gone so far as to say that “this matter is now resolved.”

“And I thought, well, having listened to him over the previous couple of weeks telling us that there would not be a bailout,” Farage continued, “I got the feeling after all his twists and turns he’s just about the most incompetent leader in the whole of Europe, and that’s saying something, because there is pretty stiff competition.”

Farage wasn’t finished. He was just getting warmed up.

“Indeed, every single prediction of yours, Mr. Barroso, has been wrong, and dear old Herman Van Rompuy, well he‘s done a runner hasn’t he. Because the last time he was here, he told us we had turned the corner, that the euro crisis was over and he hasn’t bothered to come back and see us,” Farage said.

“I remember being here ten years ago, hearing the launch of the Lisbon Agenda. We were told that with the euro, by 2010 we would have full employment and indeed that Europe would be the competitive and dynamic powerhouse of the world,” Farage said.

Total & Utter Failure: Watch This British Politician Mercilessly Berate EU LeadersConcerned EU politicians hang on to Farage’s every word.

“By any objective criteria the Euro has failed, and in fact there is a looming, impending disaster,” he added.

The British leader continued:

You know, this deal makes things worse not better. A hundred billion [euro] is put up for the Spanish banking system, and 20 per cent of that money has to come from Italy. And under the deal the Italians have to lend to the Spanish banks at 3 per cent but to get that money they have to borrow on the markets at 7 per cent. It‘s genius isn’t it. It really is brilliant.

So what we are doing with this package is we are actually driving countries like Italy towards needing to be bailed out themselves.

In addition to that, we put a further 10 per cent on Spanish national debt and I tell you, any banking analyst will tell you, 100 billion does not solve the Spanish banking problem, it would need to be more like 400 billion.

And with Greece teetering on the edge of Euro withdrawal, the real elephant in the room is that once Greece leaves, the ECB, the European Central Bank is bust. It’s gone.

It has 444 billion euros worth of exposure to the bailed-out countries and to rectify that you’ll need to have a cash call from Ireland, Spain, Portugal, Greece and Italy. You couldn’t make it up could you!

Running out of time, Farage ended with a strong warning: “It is total and utter failure. This ship, the euro Titanic has now hit the iceberg and sadly there simply aren’t enough life boats.”

Front page photo source.

Comments (100)

1 2
  • Iamnotanumber
    Posted on June 13, 2012 at 3:25pm

    God bless Nigel Farage! Man I love this guy, he speaks the truth boldly with conviction. And I agree this is the type of no nonsense call out we need to have from our politicians.

    Report Post »  
    • SLEAZYHIPPOs ILLEGITIMATE OFFSPRING
      Posted on June 13, 2012 at 3:50pm

      We don’t need current leadership to wake up we need them to be gone. Ideologues will never do what needs to be done. They would rather see ruin then govern in a different way because to do so is to admit defeat and failure of their entire way of thinking and seeing the world. Which is akin to the naked emperor anyway.

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • rickc34
      Posted on June 13, 2012 at 5:24pm

      I thought he was talking to Obama’s dumb butt. This guy has courage but needs to watch his back he just made some enemies like George Soros you know Obamas boss.

      Report Post »  
    • BuzzardSays
      Posted on June 13, 2012 at 6:00pm

      Politicians tell fabrications??? Who knew. It sure seems like those politicians in the pictures of this story are fat slobs who never deny themselves any pleasure. Like that floating freak from the movie “Dune” who loved to pull the heart plug of his sacrifice/victim and bleed them out. These guys are heading towards Armeggedon-blithely with a knowing smile on their fat faces. Yuch!!!

      Report Post » BuzzardSays  
    • Ruler4You
      Posted on June 13, 2012 at 6:32pm

      All I can tell you “IS” it “IS” my humble but lovable opinion that the EU could not have succeeded. It just wasn‘t ’economically’ sound in its foundations. It could have lasted longer, had the economy remained in good unadulterated condition.

      But the truth “IS” that governments are not about to leave a good economy alone. All they see “IS” revenue ‘enhancement’ (tax increases) and spending (pandering) programs.

      When the economy looks ‘good’ governments see bulging pockets.

      Report Post » Ruler4You  
    • FortySixand2
      Posted on June 13, 2012 at 6:52pm

      The UK’s Ron Paul

      Report Post » FortySixand2  
    • Gold Coin & Economic News
      Posted on June 13, 2012 at 7:36pm

      Yes, he is like Ron Paul, only he‘s 50 years younger and actually doesn’t whine when he makes a point like Ron Paul does.

      Report Post » Gold Coin & Economic News  
    • Jaycen
      Posted on June 13, 2012 at 11:59pm

      @SLEAZYHIPPOs ILLEGITIMATE OFFSPRING

      Astute. Yep. If they were hard-left enough, they’d be going to war to keep it all going, as that’s the only thing that would keep their country united under the current leadership and taking things from their neighbors is how Germany kept their economy propped up during WWII.

      If the Nazis or the Communists gain more power in Greece, we might see a replay.

      Report Post » Jaycen  
    • Jaycen
      Posted on June 14, 2012 at 12:00am

      @BuzzardSays

      Baron Vladamir Harkonnen

      Report Post » Jaycen  
    • Jaycen
      Posted on June 14, 2012 at 12:01am

      @FortySixand2

      Wait a second, I didn’t hear him praise Iran or trash Israel. Are you sure it’s a fair comparison?

      Report Post » Jaycen  
    • starman70
      Posted on June 14, 2012 at 9:20am

      Is there any chance that Mr. Farage could speak to a combined Senate and House session? If he did is there any chance that his message would sink in? Would those exalted politicians even come close to realizing that the USA is going down the same path? The greatest question is, even if they heard and understood the message, would they have the courage to fix the system?

      Report Post »  
    • VinnieSquawker
      Posted on June 14, 2012 at 10:51am

      I’ve been watching Nigel clips for years. Can’t get enough of his rants. Spot on.

      Report Post » VinnieSquawker  
    • turkey13
      Posted on June 14, 2012 at 11:00am

      “The main vice of capitalism is the uneven distribution of prosperity. The main vice of socialism is the even distribution of misary.” – Sir Winston Churchill

      Report Post »  
    • Unix
      Posted on June 14, 2012 at 11:13am

      “Their making plans for – Nigel”…what an utter brilliant man he is, and I do like his speeches, to the point, and knock out blows. He schools these Socialists every time he speaks (the truth) and they can just sit there and cringe, and throw insults into the wind. We all know what is about to happen, and if you’re not prepared for a total global collapse, I pity your ignorant existence. You will twist in the wind, starve to death, slowly and pitifully, and mind you, it was your own non-action that will have done it to you. The handwriting has been on the wall for 4+ years now! That is all I have an opinion on at the moment, thank you!

      Report Post » Unix  
    • boyd9
      Posted on June 16, 2012 at 10:30am

      The European people have been trained to ignore this kind of thinking. The American people are not far behind. If Romney spoke like this man does, he would probably be soundly defeated. He is a smart man and he has a track record of actually fixing things that are broken, not just saying the words but actually making the hard decisions and taking the hard actions that turn organizations around. I believe he will do that when he is elected. It is part of his nature and he will be unable to stop himself, he will have to fix the broken federal government.

      I was hoping that the Chase CEO would call those Senators on the carpet when they hauled him in front of them to explain his $2 billion error. He didn’t. He let those hypocrites who lose more than $2 billion a day of taxpayer money pretend to know more about fiscal responsibility than he does get away with calling him on the carpet. I agree with many of the comments here, if there aren’t enough we the people to stand up and take these Marxist/socialist/progressives on and remove them from office we are not far behind Greece and Spain and the rest of the EU. It does make a person scratch his head though, why is it that President Obama can see what is happening in Europe and that green energy boondoggles and entitlement policy have done to these countries but he still wants to double down on those exact same policies here. I don’t think he is that dumb, I think he must want what is happening in Europe to happen here.

      Report Post »  
  • SilentReader
    Posted on June 13, 2012 at 3:24pm

    Ah. No one does it like Nigel Farage. We need a couple of Nigel Farages in America in the Congress! Oh, is that dreaming now? I suppose it is. Isn’t that what America is all about, though? Dreamers!

    It’s time to kick our corrupt politicians out and replace them with people like Nigel Farage! Let’s get on with it!

    Join Freedomworks.org and find out how! We the people are taking our power back, and it’s never going to be business as usual in America! We must relegate these Fabian Socialist Leftist globalist manipulators and criminals to the dust heap of history! Where they belong!

    Report Post » SilentReader  
    • SocialistSlayer
      Posted on June 13, 2012 at 3:57pm

      Lately my American Dream has turned into a Nightmare!

      Very few Americans have the capacity to be statesman, even many in the Republican party are corrupt or just plain clueless like the likes of Boehner, Orin Hatch, Eric Cantor all bumbling idiots at best and Traitors at worst. Keep trying though – there has to be someone with integrity left in America!

      Report Post » SocialistSlayer  
    • FortySixand2
      Posted on June 13, 2012 at 6:53pm

      Hey Silent, we have one here in the US. His name is Ron Paul.

      Report Post » FortySixand2  
    • Halgar
      Posted on June 13, 2012 at 8:04pm

      While I am not going to tell you that Republicans are pure as the wind driven snow, there are more than a few Republicans that speak these words but over the decades, the American people have proven over and over that they lack the backbone to support outspoken leaders.

      The Tea Party element has gotten very good at weeding out and blaming a lot of the RINOs but there is not enough focus on the real problem… the American people. It is we who have failed, not our leaders, our leaders just represent our lack of courage.

      Report Post »  
    • Jaycen
      Posted on June 14, 2012 at 12:02am

      @SilentReader

      It’s a sad day when the Brits have more testicular fortitude than Americans. How far we have fallen.

      Report Post » Jaycen  
    • Jaycen
      Posted on June 14, 2012 at 12:05am

      @Halgar

      You bet, man. Americans have to take responsibility. The Ron Paul supporters are an object lesson in the failure of the American spirit:

      *One man will change the entire system!
      *One man is our mesiah and savior!
      *One man has the power and ability to FIX America!

      Doesn’t that sound just like the Obama supporters? Isn’t that the Central Planner, Progressive mindset that’s gotten us into this mess?

      It’s not a man. It’s not a law. It’s us. We have to do it. We have to stay active and alert. We have to hold politicians personally accountable, not demand they hold themselves accountable by passing laws they simply won’t follow.

      Report Post » Jaycen  
    • Unix
      Posted on June 14, 2012 at 11:51am

      Hear, hear Silent!!!! Damn these Progressives to HE-double-hockey-sticks and back!

      Report Post » Unix  
    • Schitzoid_Avenger
      Posted on June 14, 2012 at 1:18pm

      That would be fabulous. The competition here is pretty steep as well.

      Report Post » Schitzoid_Avenger  
  • ewoodard
    Posted on June 13, 2012 at 3:19pm

    It’s the age old problem. When gov’t gets too big, it spends more than it takes in, and has to do something. In the old days, it was debasing the currency, ie, less precious metal in the coin. Then, when paper became cheap, they added paper with value to the money supply. Then they decided to completely debase the currency and not use precious metals at all. Now they are not even bothering to use paper- just a few keystrokes at a computer-Socialistshitholia gets another gazillion Nothings (N) to give to Communistshitholia, who got a computer stroke credit for a gazillion Nothings (N) and spend all of that. It’s all an enormous ponzi scheme. Farange is right, and all of the others are acting like the Capt. of the Titanic-when faced with his ship sinking and thousands of deaths that were his fault, he went into shock and mentally shut down. They are already planning to prevent movement of (soon to be worthless) money and (soon to be starving) people across their borders, which will inevitably lead to yet another war in Europe. This time with pitchforks, because all of Europe let us defend it for 60 years and spent their military budgets on welfare programs, so the one german tank without any gas will face off against a french deux cheveaux with an antique machine gun and the Fiat Panda with a broken bb gun will be changing sides daily. Rather than face that carnage, Europe will decide that the only viable alternative is to loot the US, ie, we bail them out. Yet Aga

    Report Post » ewoodard  
  • tweetybird
    Posted on June 13, 2012 at 3:15pm

    Did anyone in that room actually give a crap about what he was saying? Heck…the guy behind him took off his headphones. I am assuming he has those headphones so the translator could tell him what he was saying. What a bunch of loosers. Not one of them cared. There are nothing but elitist, arrogant jerk offs running the governments around the world. What a bunch of freaking @$$holes!!!! Man that just ****** me off. If you have politicians who don’t care (except for themselves of course)…..we are all screwed.

    Report Post » tweetybird  
    • hauschild
      Posted on June 13, 2012 at 3:34pm

      As frustrating as it is, and I feel all your frustration, politicians – at the end of the day – are really only a reflection of their constituents. Maddening? Of course. Unbelieveable? No way.

      There are huge numbers of slackers, losers, bottom-feeders, candy asses, etc. in capitalist (loosely used) societies.

      Report Post »  
  • tharpdevenport
    Posted on June 13, 2012 at 3:06pm

    I’d like to see the Republican establishement talk like this and have the balls he does. I bet he could rip Obama a new one; one so bad, OBama would lose his cool.

    The only problem: he wasn’t born in the U.S. — can’t be in Congress.

    Report Post » tharpdevenport  
  • girlnurse
    Posted on June 13, 2012 at 3:04pm

    So we ALL continue to complain and watch truth tellers like this blah, blah, blah…while the elites kick back and forward their agenda as planned!

    Report Post » girlnurse  
  • Magyar
    Posted on June 13, 2012 at 2:54pm

    Attempting to unite 17 countries with a common currency was the STUPIDEST idea on the planet…all with differnt ethos and they expected this to work?—LORD above!

    Nigel Farage has hit the nail on the head!

    Report Post »  
    • Baddoggy
      Posted on June 13, 2012 at 3:09pm

      As in all Socialist/Marxist/Communist plans, the party is over when you run out of other people’s money…America is next. Count on it.

      Report Post » Baddoggy  
    • kindling
      Posted on June 15, 2012 at 9:15pm

      To me it is very much like the US government taking control away from the states and causing such big problems the entire country is on the brink of failure. If the progressives had not done that 100 years ago we would be so much better off. When one states fails people can move away, but when the country fails……I think there will be many lost lives.

      Report Post » kindling  
  • welovetheUSA
    Posted on June 13, 2012 at 2:46pm

    A man that knows the truth and says it……….now what?

    Report Post » welovetheUSA  
    • 3monkeysmomma
      Posted on June 13, 2012 at 6:17pm

      Well….I’m guessing they will probably dismiss and marginalize him the way Americans did Ron Paul.

      Report Post » 3monkeysmomma  
  • Laken
    Posted on June 13, 2012 at 2:46pm

    Can’t Post Links Here….But Look Up>>>>>T h e..U l s t e r m a n..R e p o r t

    Read the latest from the W a l l..S t r e e t…I n s i d e r

    Report Post » Laken  
    • Laken
      Posted on June 13, 2012 at 3:42pm

      “Truth will ultimately prevail where there is pains to bring it to light.”…George Washington

      Report Post » Laken  
  • Cruelnunusual
    Posted on June 13, 2012 at 2:44pm

    I said when they started the Euro that it couldn’t work. How come I could figure it out and the smart leaders couldn’t? You can‘t have a currency when you don’t even have a country! The people who did this aren’t stupid, this was planned.

    Report Post » Cruelnunusual  
    • Micmac
      Posted on June 13, 2012 at 3:38pm

      They also knew it would fail but the endgame was an EU federal govt and the countries like states here. It’s all in print if you do your research. Developed by the technocrats now in Italy.

      NoBama 2012

      Report Post »  
  • SquareHead
    Posted on June 13, 2012 at 2:41pm

    Listening to Nigel Farage always makes me happy. Especially in the light of the neutered empty suits we have in DC.

    Here is another Nigel Farage classic:
    http://www.youtube.com/watch?v=2gm9q8uabTs

    If you thirst for more:
    http://www.youtube.com/watch?v=ed2lgMDQOag

    Report Post »  
    • Anonymous T. Irrelevant
      Posted on June 13, 2012 at 2:50pm

      It‘s too bad he didn’t chew into Oblameus, too. Obama is just another incompetent, European, socialist.

      Report Post » Anonymous T. Irrelevant  
    • Contrarian51
      Posted on June 13, 2012 at 2:52pm

      Dan Hannan got all the notoriety for tearing Gordon Brown a new one, but if I recall, Farage actually got to go first and was every bit as brutally fantastic. The time I spend on Youtube is 45% Farage, 45% Hannan and 10% on old clips of my favorite 60s bands. It’s all equally fun.

      Report Post »  
  • vtxphantom
    Posted on June 13, 2012 at 2:38pm

    Probably 80% of the representatives at that meeting have no idea what the he11 Farage is talking
    about. Farage is correct in his statements. The Euro is going to collapse just like socialism will. Just a matter of time.

    Report Post »  
  • buyundbuy
    Posted on June 13, 2012 at 2:19pm

    Such clarity and eloquence delivered with resounding force but without the use of Oxford words can only be done by an Englishman.

    Report Post » buyundbuy  
    • scuba13
      Posted on June 13, 2012 at 2:32pm

      And such financial stupidity can only be thought up by the idiots in the E.U.

      Report Post » scuba13  
  • IMaTELLaU
    Posted on June 13, 2012 at 2:14pm

    EU leaders aren’t rearrangeing the chairs… their lining their pockets looking for an escape route. Just like union leaders/Dems in the states

    Report Post »  
    • Baddoggy
      Posted on June 13, 2012 at 3:11pm

      There is no escape. they will hang from the gallows for what they have done. Hopefully that will happen here too..

      Report Post » Baddoggy  
  • CougarNick78
    Posted on June 13, 2012 at 2:13pm

    Good for this guy. Too bad all the others are marching numbly to oblivion…..

    Report Post » CougarNick78  
  • Apple Bite
    Posted on June 13, 2012 at 2:11pm

    The Lisbon Treaty was the worse thing that ever happened to Europe. To be united, you must all speak the same language, have the same kind of lifestyle. There was never any hope of that happening there. Why would the Italians concede their language to the Germans? Why would the Greeks seek to work like the Brits? They wanted to create a mixing pot that consisted of oil and water.

    It’s one of the reasons why the founding fathers expected everyone in this country to speak the same language, to have the same laws to live by. So when you introduce illegal foreigners that have no intentions of doing the same as you, into your country, problems are created.

    Thanks Libs. You can’t die fast or hard enough.

    Report Post » Apple Bite  
  • Mutiny
    Posted on June 13, 2012 at 2:03pm

    Our politicians who speak like that, people here call crazy, dangerous, kooky, and a loon.

    Ron Paul!!!

    Report Post » Mutiny  
    • drbage
      Posted on June 13, 2012 at 2:17pm

      There are very few politicians here in the USA who practice what Mr. Farage is preaching and, indeed, has preached throughout his tenure in public office: “Say what you mean and mean what you say.” Gov. Walker and Lt. Gov. Kleefisch have given us an example of that and surprise, surprise some people actually are listening.

      Report Post »  
    • Felix99
      Posted on June 13, 2012 at 5:47pm

      Paul is unelectable. Get over it!

      Report Post »  
    • Mutiny
      Posted on June 13, 2012 at 9:08pm

      @felix

      What is funny is the people in the EU that dont like Nigel say the same thing.

      Report Post » Mutiny  
  • Kathleen
    Posted on June 13, 2012 at 1:53pm

    This reminds me of a girlfriend who used to be a shopaholic and used to pay off credit cards by applying for new credit cards.

    Imagine a pile of gold coins that the government has created by taking your money via taxes, then you think the govt is giving you free money which in actual fact is your own money given back to you, all the while the pile is getting smaller and you have no friggin clue.

    Surely people cannot be THAT dumb. Blinded by their greed and sloth.

    Report Post »  
    • Netsurfer2
      Posted on June 13, 2012 at 8:15pm

      I’m so glad that someone is understanding how the system has fooled others over the years, because it’s the truth! Debt upon debt only makes it worse later on! Now you know why our dollar is becoming worthless! After Italy, they will focus on our debt! Brace yourself for the wave!

      They will break the Government Unions!
      They will make your dollar worthless!
      They will cause a new World War!
      They will make you nearly starve for food!
      They will make you work long hours for less!
      They will make the cost of living go up beyond your reach!
      They will make it difficult for you to become educated!
      They will try to break your spirit!

      Just remember “the truth will set you free!”

      Report Post » Netsurfer2  
  • MrButcher
    Posted on June 13, 2012 at 1:52pm

    Nigel Farage Rocks!

    I‘m glad he’s getting more exposure here in the States!

    I’ve been following his Youtube videos for several years and his critique of the EU is spot on.

    Report Post » MrButcher  
    • johnjamison
      Posted on June 13, 2012 at 2:13pm

      Certainly has the ability to cut through the bullocks and deliver a clear simple message anyone can understand.

      Report Post »  
    • gpk
      Posted on June 13, 2012 at 2:30pm

      Likewise.

      Report Post »  
  • Zipit
    Posted on June 13, 2012 at 1:51pm

    Cheerio!

    Report Post »  
  • Mutiny
    Posted on June 13, 2012 at 1:46pm

    I want to draft this guy to replace Romney. A guy that gets it!!!!

    Report Post » Mutiny  
    • jakartaman
      Posted on June 13, 2012 at 2:12pm

      Give it a rest and give Romney a chance.
      He is going to surprise a lot of people.

      Report Post »  
    • Timothy_Reid
      Posted on June 13, 2012 at 2:21pm

      He’ll surprise me if he wins the election. Not my candidate, but he‘s got the best chance and he’s not O bullsh_t. So here’s the vote.

      Report Post »  
    • Rightallalong
      Posted on June 13, 2012 at 2:50pm

      @jakartaman – unfortunately we have no choice but t give Romney a chance – however when he has clearly stated that he supports the FED and thinks Ben B is doing a great job I have to think Mittens would be right at home in the rank and file EU leaders happily re-arranging the deck chairs.

      I do hope and pray that he surprises us and actually gets the debt AND deficit problem under control … sadly I am afraid he will be Obama-Lite.

      Report Post » Rightallalong  
    • Mutiny
      Posted on June 13, 2012 at 3:11pm

      LOL, I am not going to give it a rest. You are right he is going to surprise a lot of people. Those people are sheep like yourself. You see him as some kind of winner when all I see is a weak flip flopping patsy.

      Even if he wins we lose.

      Report Post » Mutiny  
  • JUSTANOTHEROPINION
    Posted on June 13, 2012 at 1:45pm

    Ah, intestinal fortitude, wouldn,t it be great if some of those impatents in Washington could develope some too!!!!

    Report Post »  
  • JonSigMan
    Posted on June 13, 2012 at 1:45pm

    Finally, someone who gets it….sheesh, they need a few hundred more of him over there, and we need a few hundred over here too!

    Report Post » JonSigMan  
  • SamIamTwo
    Posted on June 13, 2012 at 1:44pm

    Myself, I’m watching paint dry.

    Report Post » SamIamTwo  
  • biohazard23
    Posted on June 13, 2012 at 1:42pm

    Yep, the euro is the Titanic and the liberal eurotrash leaders are too busy rearranging the deck chairs to notice what’s ahead.

    Report Post » biohazard23  
1 2

Sign In To Post Comments! Sign In

Sign Up For Our Newsletter!

Glenn Beck Radio

Listen to Glenn Beck 24/7 Listen Now
Restoring Love