George Galloway interviews Nigel Farage on European debt crisis

From BBC News: All eyes are once again on the latest attempts to resolve the eurozone debt crisis, with European finance ministers gathering in Poland for a meeting. Worries about a Greek default are high on the agenda, and US Treasury Secretary Timothy Geithner is attending the meeting, underlining Washington's fears that problems in the eurozone could spread beyond Europe. UK Chancellor of the Exchequer George Osborne said on Friday that the eurozone's situation was "grave", and Austria's finance minister refused to rule out the prospect of an eventual Greek default. The BBC has learned that the UBS trader being questioned on suspicion of unauthorised trading alerted the bank himself. The BBC's business editor, Robert Peston, says UBS's internal controls did not pick up the huge loss allegedly generated by its trader Kweku Adoboli, and that Mr Adoboli told UBS that he had engaged in unauthorised trades. Shares have continued to rise following Thursday's news of emergency liquidity measures by five central banks. The central banks are trying to encourage lenders, especially in Europe, to keep lending to each other, and are to provide commercial banks with three additional tranches of loans to help ease funding pressures. India's central bank has raised interest rates for the 12th time in 18 months to try to curb inflation. The Reserve Bank of India raised the policy lending rate, called the repo rate, by 25 basis points to 8.25%. India has been struggling to contain <b>...</b>
George Galloway talksport Nigel Farage United Kingdom Independence Party UKIP right-wing European debt crisis deficit public default financial market free bailout Greece Spain Portugal Germany German taxpayer Euro UK England Bank Banks handout corporation black hole wasted tea bonds interest lending meltdown double dip recession 2008 2009 2010 2011































