Sunday, 12 July 2015

EU Collapsing Into Incoherence and Illegality

The Greece/Europe (Europe, that is, of various internal bodies, both eurozone and EU hierarchy) negotiations are almost unintelligible at this point.  Wildly undeliverable proposals - Greece to leave the Eurozone for 5 years,  Greece to accept administration from Brussels, Greece to alienate state property to a 50 billion eurotune called by some EU nation states, Greece to pass 'restructuring' laws dictated by some eurozone states within 72 hours before any talks can continue, Greece to receive 85 billion euro bailout........ 

There are national parliamentary consents to negotiate, laws and treaties to comply with for all and any of these.

The latest report appears in Tass at 20.45 today.

'BRUSSELS, July 12. /TASS/. The Eurogroup has recommended the EU summit to endorse the allocation of an aid programme to Greece worth from 82 to 86 billion euro or temporarily exclude it from the Eurozone, according to draft agreement between Greece and its creditors.
If efforts to reach an agreement with the Greeks fail, the Eurogroup says it would be expedient to exclude Greece from the Eurozone for a term of up to five years.
The third aid programme is to include up to 25 billion euro from the European Stability Mechanism and financing from the International Monetary Fund (IMF).
The Eurogroup has ruled out possible writing off Greece’s debts.'

At least when Russia announces direct energy supplies to Greece that is at least deliverable and is within Russia's remit.


Jeff Wood said...

Both sides are right, both sides are wrong, and neither side is honest.

hatfield girl said...

We must disagree on this Jeff. Germany, the Baltic states, Holland (with and without an 'e')and the EU institutions are not right: Right, certainly, but both wrong and seriously bad.