Nigel Farage: The Genius of Mutual Indebtedness

By Edward Harrison On Jun 13, 2012

Nigel Farage isn’t impressed by the Spanish bailout. His discourse about the madness of Italy’s contributing to Spain’s bailout is spot on of course. Take a look.

P.S. – I love his closing line: “This ship, the Euro Titanic, has now hit the iceberg and sadly there simply aren’t enough life boats.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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2 Comments

Dave Holden says 12 years ago

“Dear old Herman Van Rompuy, well he’s done a runner hasn’t he..” LoL.
David_Lazarus says 12 years ago

His comment about Italy borrowing at 7% to allow Spain to borrow at 3% does show the failure of the system. Spain’s potential losses could be as much as €400 billion but even higher if driven out of the eurozone.

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