In addition, they must amend the Constitution to allow unelected EU Bankers, known as "The Troika", to control all matters relating to Greec's economy.
People paying attention, especially on Twitter, are going nuts, as evidenced by the world-wide trending "Thisisacoup" hashatag. Even Krugman has weighed in with an Opinion.
The EU now OWNS Greece. It can dictate Greek laws, even Constitutional amendments.
Other EU governments (Britain?), who will eventually have their own financial problems, need to wake up & see where this is heading. For if the EU can dictate Greek financial policy, they can effectively direct social policy, too.
Game, set, & match goes to un-elected EU bureaucrats.
Yes, Greece has been grossly irresponsible. She is being further irresponsible by ceding her sovereignty. Better to go it alone than be dictated to by foreign powers whose agenda is more about themselves than the rescue of Greece.
Greece will never repay what she owes. & everybody involved knows it. So, the EU decided to buy the country. Not only is the misery not ended, it is just beginning. The little socialists have be replaced by the big socialists.
It’s humiliating to be told your foodstamp card is empty.
Maybe the EU should just call it quits, and stop playing sugar daddy.
This might get interesting. Just last week the people of Greece rejected this notion. Now it is being rammed down their throats by their own govt. The money issues can be covered. The geopolitical ramifications.....not so much.
Try this one:
#Greece_Consume_Less_Than_You_Produce