The Greeks votedno to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".
>Also, so say a critical mass of EU politicians decide to chuck Greece out of the Euro. OK, so its against the treaty, but who ya gonna call?
There are courts in Europe. And they will probably act. Apart from that, blatantly disregarding their own treaty is not going to do wonders for the already mediocre EU reputation. Disregarding court orders would be enough to simply forget about the EU everywhere. I think its not a reasonable way for the EU to go.
Interestingly, printing (or picking) and using an alternative currency is, under the EMU treaty, illegal. But in this case, I do not think Greece politicians would care overly much.
An interesting opinion I read a couple of days ago is that the EU could claim Greece was actually never legally part of it (as they cheated to pass the requirements many years ago). Even although this is true, courts generally do not fall for such beautiful arguments though.
(Score: 2) by moondrake on Monday July 06 2015, @03:06PM
>Also, so say a critical mass of EU politicians decide to chuck Greece out of the Euro. OK, so its against the treaty, but who ya gonna call?
There are courts in Europe. And they will probably act. Apart from that, blatantly disregarding their own treaty is not going to do wonders for the already mediocre EU reputation. Disregarding court orders would be enough to simply forget about the EU everywhere. I think its not a reasonable way for the EU to go.
Interestingly, printing (or picking) and using an alternative currency is, under the EMU treaty, illegal. But in this case, I do not think Greece politicians would care overly much.
An interesting opinion I read a couple of days ago is that the EU could claim Greece was actually never legally part of it (as they cheated to pass the requirements many years ago). Even although this is true, courts generally do not fall for such beautiful arguments though.