UKIP Party Leader Predicts Death of 'EU Project'

© AP Photo / Giannis PapanikosMembers of left wing parties shout slogans behind a burning European Union flag during an anti-EU protest in the northern Greek port city of Thessaloniki, Sunday, June 28, 2015
Members of left wing parties shout slogans behind a burning European Union flag during an anti-EU protest in the northern Greek port city of Thessaloniki, Sunday, June 28, 2015 - Sputnik International
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The European Union may soon become irrelevant, head of the eurosceptic United Kingdom Independence Party (UKIP) Nigel Farage said Wednesday.

MOSCOW (Sputnik) – Farage warned that the end of the European "project" is approaching in an address to a European Parliament plenary session in Strasbourg on the Greek crisis' issue.

"The European project has started to die. The plan has failed. The whole of the Mediterranean finds itself in the wrong currency," he said.

European Commission President Jean-Claude Juncker speaks during a joint press conference with NATO Secretary General after a meeting on June 16, 2015 at EU headquarters in Brussels. - Sputnik International
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The debate followed an emergency Eurozone summit and a Eurogroup meeting on the crisis, which came after a referendum in Greece that had seen a 61.3-percent vote against the demands put forward by Athens’ international creditors.

The pro-independence British politician said that the bailout programs offered by international lenders over the past five years "have been for banks, not people."

Farage hailed Sunday’s Greek vote as a way out of the euro, which he dubbed "a new Berlin Wall."

"It will be tough for the first few months, but with a devalued currency and friends all over the world you will recover," Farage said.

Speaking to Sputnik earlier this month, Farage voiced support for Greece's return to a "new" drachma, dubbing the crisis "an opportunity."

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