Farage On What Greece REALLY Means.

Farage on Friday: Britain would not only survive but THRIVE out of the EU
I HAVE news for those who believe that the government's hopeless attempt to block the European Commission (EC) putting the UK on the hook for the bailout of Greece had any chance whatsoever: it was never going to work. Here's why. The UK has already put up money or rather guarantees of money, to help the bailouts of Ireland and Portugal though a fund involving all EU member states called the European Financial Stabilisation Mechanism (EFSM).

David Cameron said in 2010 that he had extracted from EU leaders an undertaking that this mechanism would never be used again for the purpose of further bailouts, but this week, the perfidious and untrustworthy EC has put the EFSM back in the shop window, trying to sell it to national governments as the quickest way of funding the Greek debacle.

We simply can’t afford the EU anymore because the EU has maxed out our credit card

Nigel Farage, Ukip MEP

It is quite an outrageous state of affairs that if a qualified majority of heads of state at the European Council agree to crank this bailout fund back into action, there is nothing the British Government or taxpayers will be able to do about it.

Once again, we will find ourselves impotent and out-voted at EU level, and it will cost us money. Lots of it.  Express.

You have got to feel great sympathy for the people of Greece, increasingly impoverished day by day because of their disastrous Euro membership, and the bad decisions of their own governments.

UKIP believes that the best way for Greece to recover is to leave the Euro, take back their own currency, devalue, and use exports and tourism to generate economic growth. It is currently falling into a debt spiral from which it will not recover. Even the IMF has repeated recently it cannot repay its high level of debt.

If Greece cannot repay its debts, and the EU calls on the UK to hand over taxpayers’ money to bailout out the failing Euro project, it would lead to huge and needless financial losses on our part.

I believe we simply can’t afford the EU anymore because the EU has maxed out our credit card.

When we joined the Common Market in 1973, British people were sold the idea that it was a ‘free trade’ area. We now know we were hoodwinked.

Today, people should realise that the EU is not only a political union, it is also a debt union.

Members must pay and pay through the nose firstly for being a member, and secondly for bailing out Euro-crippled states.

The UK has already accepted a maximum liability of £6.6 billion through the EFSM – and that is more than enough.

David Cameron in 2010 said that we would not have to fork out another penny to bail out the countries impoverished by Euro membership, yet the European Commission now wants us through the EFSM to pay another £1 billion to bail out Greece.