EU finance ministers tell Greece, “NO VOTE FOR YOU!”
The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty.
While the symbolic move to suspend Greece of its voting rights at one meeting makes no practical difference, it marks a constitutional watershed and represents a crushing loss of sovereignty.
And of course, this is being led by the Germans who would probably prefer that the EU just kick Greece out now.
Some German officials have called for Greece to be denied a vote in all EU matter until it emerges from “receivership”.
+1 to the Telegraph’s International Business Editor, Ambrose Evans-Pritchard, for using the word suzerainty in her article.
Full story: Greece loses EU voting power in blow to sovereignty
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