The one story that has been going on for weeks and weeks is Greece and its financial situation. On Sunday the country said a resounding ‘no’ to a bailout deal offered by the country’s creditors, giving extra political capital to Greek Prime Minister Alexis Tsipras for future deals.
Speaking in the chamber he said:
“What we’re seeing in this chamber this morning and indeed across the whole of Europe is an irreconcilable cultural difference between Greece and Germany - a split between the north and the south of Europe. The European project is actually beginning to die.”
He then went onto attack the idea of a politically united Europe and that the EU countries should not be forced together.
He said that “the whole of the mediterranean now finds itself in the wrong currency.”
Following this he went onto address the Greek Prime Minister directly (who was in the chamber), saying that:
“Your country should never have joined the Euro. I think you’ve acknowledged that. The big banks, the big businesses and politics forced you in.”
During this the Greek Prime Minister appeared to look uncomfortable with Nigel Farage’s praise of him. Alexis Tsipras and his party do in fact wish Greece to stay in the euro and opinion polls show that the majority of Greeks feel this way.
Farage then called the Greek Prime Minister “brave” for having the referendum and standing up to European leaders.
Alexis Tsipras also spoke in the chamber saying that he would work for “credible reforms” and attacked the cuts of the last few years in his country, according to the BBC.
For eurosceptics such as Nigel Farage, Greece is a gift that keeps on giving. The ongoing situation allows them to point at it and say: look at the mess Europe’s in - we should leave and be a group of trading nations rather than being forced together by political, and in the eurozone's case, monetary union.
For europhiles the situation is weakening the EU and the idea of the euro. But it’s not over, if the situation gets resolved in Greece then things could change.
If Greece leaves the euro, whether it is forced out or chooses to go amicably, it could have an impact in the upcoming British referendum on EU member depending on how the situation is perceived. The situation in Greece will have far-reaching consequence: both financially and of course politically.