Under the leaked German proposal, a budget commissioner would have veto powers over Greek budgetary measures if they were not in line with targets set by international lenders.
Greece would also legally commit itself to servicing its debt, before spending any money in any other way.
Greek officials reacted angrily to the proposal.
“It’s going to be impossible for the Greek government to accept such a deal - I don’t think it would be supported by any of the heads of the parties that are involved in the coalition,” said [Greek Culture Minister] Mr Yeroulanos.
“We have been giving up quite a bit, but I think sovereignty is a red line that no-one would dare cross.
“I would rather resign as a minister than allow anybody to tell us the way we should be spending our money.”
Earlier, Greek government spokesman Pantelis Kapsis told the BBC that Greece’s budget was “the responsibility of the Greek government and there is no need for such measures”.
Emphasis mine.
The definition of “sovereignty” within EU countries has long been changing from a line to a blur.
I have a lot of thoughts on this but my time is about to run out for the evening. More later.
2 weeks ago



