VIDEO • Speaking today in Strasbourg during the debate on the Council meeting of the 1-2 March 2012, UKIP Leader Nigel Farage said that the biggest bombshell is the German finance minister saying that nobody can exclude a third Greek bailout.
"This is a farcical situation," he added. "And why is it happening? That's what people in Europe want to know.
"Is this being done to help Greece? No, it is going to crucify Greece. It is being done to prop up a failing project because you know that once Greece goes, others will go as well."
Addressing Commission president Barroso by name, he said, "when leaders stand up and say that political moves are irreversible, history has one lesson: you are always, always going to be proved to be wrong."
At the beginning of his speech Mr Farage sounded a comparison to a 1960s comedy:
"Listening to all of you this morning, reminds me of the British comedy classic, 'Carry On Up The Khyber,' where the colonial English go on having dinner, ignoring the fact that impending disaster is all around them. You are determined but delusional in this attempt to keep the Euro propped up," Nigel Farage told Commission and Council presidents Barroso and Van Rompuy, and Europhile parliamentarians.
"And whilst you're enjoying your dinner, incoming shells are landing all around you. Youth unemployment in Greece went through 50 per cent last week. That's fine, carry on, serve the main course.
"And you will have seen yesterday that 110 German holders of Greek bonds are going to take legal action against the banks and against the Greek Government. But don't worry chaps, carry on, everything is going to be fine.