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Greece loses EU voting power in blow to sovereignty
London Daily Telegraph, U.K. ^ | Tuesday February 16, 2010 | Ambrose Evans-Pritchard

Posted on 02/16/2010 1:04:10 PM PST by jpl

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.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Breaking News; Foreign Affairs; Front Page News
KEYWORDS: eu; europe; europeanunion; greece; socialismsucks
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Wow. What a rotten situation Europe finds itself in.
1 posted on 02/16/2010 1:04:10 PM PST by jpl
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To: jpl

The EU is evil. Leave now, Greece.


2 posted on 02/16/2010 1:05:52 PM PST by rintense (Only dead fish go with the flow, which explains why Congress stinks.)
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To: rintense
The EU is evil. Leave now, Greece.

Best post on this topic I've seen so far.

3 posted on 02/16/2010 1:07:33 PM PST by the invisib1e hand (yeah, you can quote me.)
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To: jpl

tick, tick, tick. BOOM!


4 posted on 02/16/2010 1:07:38 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: jpl

Oh, Suzerainty,
Don’t you cry for me...............


5 posted on 02/16/2010 1:08:20 PM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: jpl
I had to look it up:

suzerainty [ˈsuːzərəntɪ] n pl -ties
1. (Government, Politics & Diplomacy) the position, power, or dignity of a suzerain
2. (Government, Politics & Diplomacy) the relationship between suzerain and subject

su·ze·rain (szr-n, -z-rn)
n.
1. A nation that controls another nation in international affairs but allows it domestic sovereignty.
2. A feudal lord to whom fealty was due.

6 posted on 02/16/2010 1:08:23 PM PST by Rebelbase
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To: jpl

“...Economic suzerainty.”

Like THAT’s gonna go down real well....


7 posted on 02/16/2010 1:08:37 PM PST by mo
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To: rintense
The EU is evil. Leave now, Greece.

Whaaaat? Greece spends itself into bankruptcy, elects a Socialist Government and demands the EU bail it out. How is this the fault of the "evil EU"?

8 posted on 02/16/2010 1:09:15 PM PST by Ben Mugged (Unions are the storm troopers of socialism.)
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To: Drill Thrawl

The BOOM was this afternoon..............


9 posted on 02/16/2010 1:09:15 PM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: Drill Thrawl

http://www.washingtonpost.com/wp-dyn/content/article/2010/02/16/AR2010021603353.html


10 posted on 02/16/2010 1:09:19 PM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: jpl

“...Economic suzerainty.”

Like THAT’s gonna go down real well....


11 posted on 02/16/2010 1:09:20 PM PST by mo
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To: rintense; kosta50; Kolokotronis

The EU is evil. Leave now, Greece.


Totally Correct! I pray that the heroic Greek people will re-discver that it takes only 300 not the EU!!!!!


12 posted on 02/16/2010 1:09:42 PM PST by eleni121 (For Jesus did not give us a timid spirit , but a spirit of power, of love and of self-discipline)
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To: rintense

Greece is stuck. The alternative is Zimbabwe inflation.


13 posted on 02/16/2010 1:09:53 PM PST by Nonstatist
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To: jpl

This is predictable. Stay part of the Euro, get a bailout but lose your sovereignity. Or voluntarily or involuntarily leave the Euro. It will be very interesting to see ow the Greeks respond to this.


14 posted on 02/16/2010 1:09:54 PM PST by C19fan
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To: the invisib1e hand

I believe in being succinct.


15 posted on 02/16/2010 1:10:02 PM PST by rintense (Only dead fish go with the flow, which explains why Congress stinks.)
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To: jpl

Shades of California’s future?


16 posted on 02/16/2010 1:10:15 PM PST by Rebelbase
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To: rintense

Who then would subsidize Greece ?

The Greek government are the beggars in this situation.

More likely (though very unlikely anyway) is that Greece would be expelled from the EU as a deadbeat.


17 posted on 02/16/2010 1:10:22 PM PST by buwaya
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To: Ben Mugged
"... Whaaaat? Greece spends itself into bankruptcy, elects a Socialist Government and demands the EU bail it out. How is this the fault of the "evil EU"?"

Um, by making Dutchmen and Spaniards pay for it?

18 posted on 02/16/2010 1:11:13 PM PST by The KG9 Kid
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To: buwaya

Perhaps that’s what the Greek government needs to become self sustaining. No good can come from the EU.


19 posted on 02/16/2010 1:11:24 PM PST by rintense (Only dead fish go with the flow, which explains why Congress stinks.)
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To: jpl

1914: Wow. What a rotten situation Europe finds itself in.
1932: Wow. What a rotten situation Europe finds itself in.
1945: Wow. What a rotten situation Europe finds itself in.
1973: Wow. What a rotten situation Europe finds itself in.
2010: Wow. What a rotten situation Europe finds itself in.


20 posted on 02/16/2010 1:11:33 PM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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