Wednesday, February 17, 2010

Greece Loses EU Voting Power

Greece is in some serious economic trouble; and those troubles have now branched out to take on a diplomatic aspect as well. Greece is was stripped of its voting power in the EU. Greece is looking at a real loss of sovereignty here as well. That means this event could either be the harbinger of doom for a near turn brake up (or major shake up) of the EU or a cementing of the notion that Europe is no longer comprised of individual countries but a United States like conglomerate.

"The European Union has shown its righteous wrath by stripping Greece of its vote at a crucial meeting next month, the worst humiliation ever suffered by an EU member state.

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.

While the symbolic move to suspend Greece of its voting rights at one meeting makes no practical difference, it marks a constitutional watershed and represents a crushing loss of sovereignty.


  1. Welcome to the new Socialist Empire! And you thought you would retain some autonomy from the unelected Cabal in Belgium. Tsk, Tsk, Tsk.

    Ah well. If Greece wasn't such a cesspit of Soialist ideals in the first place, they wouldn't be in this trap would they?

    Of course over in the U.S. we now have the same problem.

  2. @Anonymous - hope your not talking to me; I am in New York.


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