VIDEO • EU officials and parliamentarians are beginning to understand that the game is up. Yet in their desperation to preserve their dream, they want to remove any remaining traces of democracy from the system, UKIP Leader Nigel Farage told Euro-Parliamentarians in Strasbourg today. 'And it's pretty clear that none of you have learned anything,' he added.
Speaking during the debate on the conclusions of the European Council meeting on economic governance (28-29 October), Mr Farage said the system will not work as there will be no bailout money left after the potential bailouts of Portugal, with debt levels of 325% of GDP, and Spain, which would need a bailout seven times that of Ireland.
Europarl Channel version (with music, intro & ending):
UKIPmeps Channel version (without music):
Addressing EU Council president van Rompuy, who participated in the debate, he said:
'You've been in office for one year and in that time the whole edifice is beginning to crumble, there's chaos, the money's running out - I should thank you; you should perhaps be the pin-up boy of the Eurosceptic movement.
'But just look around this chamber, this morning. Just look at these faces. Look at the fear. Look at the anger. Poor old Barroso here looks like he's seen a ghost.'
'When you yourself, Mr van Rompuy, say that the euro has brought us stability, I suppose I could applaud you for having a sense of humour, but isn't this, really, just the bunker mentality?
'Your fanaticism is out in the open. You talked about the fact that it was a lie to believe that the nation state could exist in the 21st Century globalised world... but ... increasingly people are saying, 'We don't want that flag. We don't want the anthem. We don't want this political class. We want the whole thing consigned to the dustbin of history.'
'And we had the Greek tragedy earlier on this year, and now we have this situation in Ireland... They should never ever have joined the euro. They suffered with low interest rates, a false boom and a massive bust.
'But look at your response to them. What they're being told, as their government is collapsing, is that it would be inappropriate for them to have a general election. In fact Commissioner Rehn here said they had to agree their budget first before they'd be allowed to have a general election.
'Just who the hell do you think you people are?
'You are very, very dangerous people, indeed. Your obsession with creating this Euro state means that you're happy to destroy democracy. You appear to be happy for millions and millions of people to be unemployed and to be poor. Untold millions must suffer so that your Euro dream can continue.
'Well it won't work. Because it's Portugal next, with their debt levels of 325% of GDP, they're the next ones on the list, and after that I suspect it will be Spain. And the bailout for Spain would be seven times the size of Ireland's and at that moment all of the bailout money has gone - there won't be anymore.
'But it is even more serious than economics. Because if you rob people of their identity. If you rob them of their emocracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that really happens.'