Video: European Parliament member Nigel Paul Farage calls for end of EU

"You are very, very dangerous people indeed. Your obsession with creating this Euro-State means that you're happy to destroy democracy. You appear to be happy for millions and millions of people to be unemployed and to be poor. Untold millions must suffer so that your Euro-Dream can continue… We don't want that flag, we don't want the anthem, we don't want this political class. We want the whole thing consigned to the dustbin of history." - Nigel Paul Farage

via Gateway Pundit:

I've seen those faces before. They look like students in early college courses and they have the attitude that I have coined "passionate disinterest." Since Farage mentioned Ireland, from the BBC via memeorandum: Irish unveil tough austerity plan. Here is a summary of their measures:

• corporation tax rate to remain unchanged at 12.5%
• 10bn euros (£8.5bn) of spending cuts between 2011-2014, and 5bn euros in tax rises
• minimum wage to be cut by one euro to 7.65 euros per hour
• 3bn euros of cuts in public investment by 2014
• 2.8bn euros of welfare cuts by 2014, returning spending to 2007 levels
• reduction of public sector pay bill by 1.2bn euros by 2014
• the reform of public sector pensions for new entrants with pay cut by 10%
• 24,750 public sector jobs to be cut, back to 2005 level
• VAT up from 21% to 22% in 2013, then 23% in 2014
• raise an extra 1.9bn euros from income tax
• abolition of some tax reliefs worth 755m euros
• real GDP to grow by an average of 2.75% from 2011 to 2014
• unemployment to fall from 13.5% to below 10% in 2014
• the introduction of domestic water charges by 2014

The cuts are fine, but how will they stimulate their economy with the onerous tax increases?

UPDATE: Via Instapundit: 

The Daily Express today becomes the first national newspaper to call for Britain to leave the European Union. Jim Bennett emails: "Having to pony up ten billion to bail out a currency they don't even belong to after all those domestic budget cuts seems to have woken people up. Once the change starts, it might unfold very quickly. " Stay tuned. We live in interesting times.

Related item here: A contagious Irish disease?

Bailouts are becoming the proverbial red pill.

UPDATE #2: Also from Instapundit: EU rescue costs start to threaten Germany itself. "Germany cannot keep paying for bail-outs without going bankrupt itself." More at memeorandum

http://theblogprof.blogspot.com/2010/11/video-european-parliament-member-nigel.html

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