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The EU Treaty has rules regarding government debt. Greece violated the treaty by running a bigger deficit than permitted. Additionally, the Treaty does not allo
by cjensen 11y ago
The EU Treaty has rules regarding government debt. Greece violated the treaty by running a bigger deficit than permitted. Additionally, the Treaty does not allow for default on debt. The EU courts will require repayment. Your suggestion that the EU courts will stop a breakup with a country which is in complete violation of EU law is optimistic.
- sgift 11y agoThe consequences of breaking these rules are clearly defined, being forced to leave the union is not one of them. The european courts can force Greece to pay a fine if they decide that this is warranted. That is all. You cannot simply redefine the fines of a law after the law has been broken.
- kawakiole 11y agoThe treaty says nothing about default, and say absolutely nothing about the possibility of expulsion if a member goes over the deficit limit (or under any other circumstance by that matter), which by the way already happened to many countries including France without any major consequence. Next time, you might want to actually read the treaty before commenting on it.