As euro zone leaders continue to wrestle with the idea of the EU being plunged into total economic ruin, Nigel Farage above all others has protested loudly against the 27-state union’s easy money policies and its desire to consolidate power into the hands of the few.
“Years ago, Mrs. Thatcher recognized the truth behind the European Project. She saw that it was about taking away democracy from nation states and handing that power to largely unaccountable people,” said the leader of the UK Independence Party (UKIP) during a debate last week on the current situation in Cyprus.
“Knowing as she did that the euro would not work she saw that this was a very dangerous design,” he added.
Indeed, noted earlier onÂ TheBlaze, Lady Thatcher in her two autobiographies (“The Downing Street Years” and “The Path To Power”) predicted the EU as we know it:
“But not even me, in my most pessimistic of speeches would have imagined,” he continued, “that you and others in the Troika would resort to the level of common criminals and steal money from peoples’ bank accounts in order to keep propped up this total failure that is the euro.”
“You even tried to take money away from the small investors in direct breach of the promise you made back in 2008,” he added.
Of course he’s referring to whenÂ CyprusÂ as a part of a bailout deal with European Union creditors agreed to a plan that would have imposed a financial transaction tax as high as 9.9 percent on all depositors. Luckily for small depositors, that deal didn’t go through.Â
“Well the precedent has been set, and if we look at countries like Spain where business bankruptcies are up 45 percent year on year, we can see what your plan is to deal with the other bailouts as they come,” Farage continued.
“I must say, the message this sends out to investors is very loud and clear: Get your money out of the Eurozone before they come for you.
“What you have done in Cyprus is you actually sounded the death knell of the euro. Nobody in the international community will have confidence in leaving their money there,” he added.
But he wasn’t finished:
And how ironic to see the Russian Prime Minister Dmitry Medvedev compare your actions and say, “I can only compare it to some of the decisions taken by the Soviet authorities.”
And then we have a new German proposal that says that actually what we ought to do is confiscate some of the value of peoples’ properties in the southern Mediterranean euro zone states.
“This European Union is the new communism. It is power without limits. It is creating a tide of human misery and the sooner it is swept away the better,” he added.