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No more money to Greece

Monday, 3rd October 2011

As Eurozone ministers meet in Luxembourg today to discuss Greece's financial crisis, UKIP says that the options available to save the country will do little to benefit its people. 

By refusing Greece the option to default and leave, the troika institutions limit themselves and Greece to two appalling options:

1 Recognising that Greece is failing to meet its targets and therefore not paying them the eight billion euro promised which will create massive social unrest in the country.

2 Ignoring the failure of Greece to meet its targets, giving them the money regardless and proving to the world and the markets that nobody is in control.

Either way, both options will only further undermine confidence in the economic system. 

The Greek Government has been forced to accept that it cannot comply with EU and IMF demands and will miss its deficit target, putting billions of pounds of British taxpayers money at risk.
 
UKIP Leader Nigel Farage, said: "The sad reality of the European financial crisis is that the Greeks just cannot comply with the EU-imposed solution.
 
"The only solution for Greece is to default in an orderly way and to leave the Eurozone. It won't be pretty, but it will contain the engulfing disaster that we all face. To do otherwise is to prolong its agony, and cause deliberate suffering. Why? To protect the political ambitions of a dwindling elite.
 
"George Osborne should not give a single further penny through either the EU or the IMF to the Greek bailouts. He must veto our involvement. It is not his money to waste."

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