- Nigel Farage – Major European Bank Runs Now Taking Place!
Today Nigel Farage told King World News that what they have done in Cyprus has now sparked major banks runs in Europe. Farage, who is Britain’s popular MEP, also stated, “Even people like me who have spent many long years warning that things are out of control are really, really scared by the events of the past few days.” Below is what Farage had to say in this extraordinary and exclusive interview:
Eric King: “The Cyprus deal that’s been brokered here, your thoughts in the aftermath of that?”
Farage: “Clearly the little man (under 100,000 euro deposits) has gotten off of the hook for the moment. They were quite prepared to break their own deposit guarantee scheme initially, but they have now gone for a much, much more spectacular coup in terms of the amount of money they are going to steal from big companies, and from bigger savers (deposits over 100,000 euros)….
Frankly, what that now says is that anybody that has money, or anybody that has big money sitting in a Spanish or an Italian bank, and particularly if you happen to be a financial officer for a company, it would be criminally negligent of you to now leave your money or a company’s money in a Spanish or an Italian bank.
I think what they’ve done today is to spark a major run on those banks. I see that some of the banks stocks have fallen 6% this afternoon, and I think in their desperation to keep the eurozone propped-up, I really believe that long-term they have made an absolutely fatal error. They have now crossed the bounds into one of complete criminality, and from this their reputations will never, ever recover.”