Greece is being brought to a standstill by another nationwide strike against government debt-reduction measures. The 24-hour walkout is already the second in the last ten days.
Nigel Farage, leader of the UK Independence Party, says countries like Greece and Spain should never have been allowed to join the Union.
“All of these countries joined the Euro ten years ago. As a result of that they had interest rates for seven or the first ten years that were much lower than they should have been, which meant they all had massive property booms that have now turned to bust,” Farage told RT. “And it’s becoming obvious to me, and, I think, to many people, that these countries – if they stay in the Euro – they’ve got no economic future whatsoever.”
“When the Euro was set up, there were some things called the Maastricht Criteria – they were the basic economic rules,” he added. “And French economists, German economists, Dutch economists said ‘For goodness sake, don’t let Greece in! They don’t meet the criteria.’ But of course, what the Euro was really about was politics more than economics. It was abut locking people in and forming a United Sates of Europe. So, they ignored the rules, they let Greece in, they let Spain in – they simply should not have done so. But now there is a price to pay. And my guess is that at some point over next few weeks there is going to have to be a bail-out of Greece…”
RT