Posted Under: European Union,Greece,Uncategorized
It emerged that Greece will be forced to amend its constitution as part of the bailout deal. The BBC reports that:
Within the next two months, Greece will also have to amend its constitution to give priority to debt repayments over the funding of government services.
Just amazing. Without a doubt, this is the greatest of a series of attacks on Greece’s democracy. The elected President was pushed aside after he dared to suggest that Greece should hold a referendum on the austerity/bailout packages, and he’s been replaced by a “non-political” veteran of the European Central Bank. Yet this will make the hemming in of Greek democracy permanent. That after all is the point of constitutions: to act as fundamental check on the power of elected governments.
Austerity is to be made permanent, even once the bailiff regime of Prime Minister Papademos is resolved. Whoever the Greeks elect, they will be compelled to play by these rules. A future Greek government may find itself legally unable to default even if it wants to.
As I said in my last post on the matter, as an international debt collection agency, the EU really is unbeatable.
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