Debt Crisis was Created by Politicians and Central Bankers - Godfrey Bloom MEP

http://www.ukipmeps.org
• European Parliament, Strasbourg, 11 May 2011

• Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & North Lincolnshire), Europe of Freedom and Democracy (EFD) group.

• Debate: Council and Commission statements - Developments in the ongoing debt crisis and the EU

• Blue Card question by Robert Goebbels (Luxembourg) S&D Group (Socialists and Democrats)
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• Video source: EbS (European Parliament)
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• EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom

European Parliment, Strasbourg, 11 May 2011

For the UKIP group, Mr. Bloom, 2 minutes

Debate:Developments in the ongoing debt crisis and the EU

I'm a baby-boomer, I was born just after the war

we've probably had the longest period of peace and prosperity

globally, I would say from that time.

I've put a little bit of modest money away

so I can hand something down to my family when I pass on

largely because I've never spent more money than I've earnt

and I've been prudent, and I've worked moderatly hard

now, it always seems to me as a complete surprise to politicians

how countries get in debt

let me explain, as I don't think you really understand it

It's because politicians consistently spend

more money than they raise in taxation

more money than they can possibly raise in taxation

most of which [???in point the fact???] they actually waste

the reason we're talking about countries which are broke

and they are broke

is because their ridiculous ineffective ignorant politicians

consistently spend more money than they can raise

and then they borrow, and they borrow

and worse, they then print money

because, politicians and their central banks

have a machine which prints money

you do that as a private citizen, and it's a criminal offense

you would go to prison for doing that

and politicians and their central banks do it all the time

let me explain to you that these countries are broke!

and they are broke because of their own stupid leadership and politicians

and it's imoral, imoral! to ask ordinary tax payers of any country

to pick up the tab for failed politicians and failed banks

they are defaulted, they're broke

for god's sake lets all of us admit it!

Mr. Bloom, Yes, well.. thank you very much.
[Blue Card question:]

and Mr. Goebbels, is brandishing his blue card
[Robert Goebbels (Luxembourg)]

I accept the question.
[S&D (Socialists & Democrats)]

Mr. Goebbels, 30 seconds.
[S&D (Socialists & Democrats)]

Blue Card question:
Robert Goebbels (Luxembourg)
S&D (Socialists & Democrats)

Mr. President, I would like to know if Mr. Bloom knows that

Spain is less in debt than the UK!

That Ireland was under 60% BEFORE the banking crisis

and that Ireland [??banks??] saved the money of the british banks!

Absolutely right! Absolutely Right!

I wasn't suggesting my politicians were any less stupid than anybody else

it's an absolute disgrace, and it wasn't even debated on our national parliment

to actually rescue this bust banks

if you want to invest in bust banks, do so with your own money

not money from my old-age pension [???a week???]

you scoundrels!