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Farage: An unholy alliance of politicians and bankers vs. the people
Date 15/06/2011 21:10  Author webmaster  Hits 2307  Language Global

Russia Today interview - 15 June 2011

• UKIP MEP Nigel Farage does not think that another 10 billion euros should be used to bail out Greece a year after it was last done.

“There is always an alternative. A Greek default and the return of the drachma would mean a very substantial devaluation for Greece, and it would mean many of these banks taking serious hits, and it would question the ability of the European Central Bank itself. It is better sometimes in life to face up to the fact that you have done something that is wrong. It is fundamentally out of kilter that the Greek and German economies can ever be together in an economic and monetary union," Farage said. "All we are doing is pouring good money after bad. It is time to face the reality and take the hit,” he added.

Read entire article: Greeks protest against 'rescue', call for jobs