‘BRITAIN DOES NOT WANT TO LIVE UNDER GERMAN-DOMINATED AUSTERITY’
The euro is at risk, according to Ukip leader, Nigel Farage (inset)
Tuesday April 24,2012
By Emily Fox for express.co.uk
GERMANY could be left isolated in Europe if France rejects austerity following the elections, it has been claimed.
Ukip leader, Nigel Farage said last night that the British people ‘did not want to live under German-dominated austerity.’
Speaking on BBC’s Newsnight, he said: “Let’s think of a Europe of democratic nation states not being dominated by German economic policy or unelected bureaucrats in Brussels.
“People do not want to live under German-dominated austerity and we’re seeing a democratic rebellion across the whole of Europe.”
The comments come after French President Nicolas Sarkozy was beaten in the first round by socialist Francois Hollande.
It is thought that if Hollande does come to power in France, then he will act along an anti-austerity path leaving Germany isolated in Europe.
George Magnus, senior economist for UBS bank commented: “Many of those in Greece and Spain have been pushing for an Hollande victory so that France will ease on the austerity measures,
“It will leave the German government at risk especially with the fall of the Dutch government. Many countries are frightened about what austerity will actually lead to for governments.”
French leader Sarkozy, in a bid to scrap back voters is now appealing to the far right after losing to his socialist rival.
Referring to Marine Le Pen’s far-right National Front, Mr Sarkozy said: “I have heard you.”
The EU is already planning to return Greece back to the drachma, getting Greek firms to repay loans in its former currency – a sign that the euro could be on its way out.