International inspectors will have the power to veto legislation. The radical-Left Syriza government will be forced to repeal a raft of laws passed since it took power in January, stripping away the last fig leaf of sovereignty.The Telegraph
“It is unconditional surrender. We get serious austerity with no debt relief. We will have foreign supervisors crawling over everything,” said Costas Lapavitsas, a Syriza MP and one of 40 or so rebels who plan to abstain or vote against the deal, mostly from the Left Platform.
“They are telling us that from now on, they are going to govern the country. I am afraid there is going to be a real fight about this. There is a groundswell of anger and it is now perfectly clear to a lot of people that the only way out of neo-colonial servitude is to break free of monetary union,” he said.
Greek deal poisons Europe as backlash mounts against 'neo-colonial servitude'
Ambrose Evans-Pritchard
Interesting that Ambrose is covering this so intently. I suspect it is sewing the seeds of Brexit. The Brits saw through the euro from the get-go and are now perceiving that the European project is over. There is no going forward.
Britain is not about accommodate the migration of European workers resulting from EZ policy. There are no advantages of staying in the EU for Britain in comparison with the disadvantages. Especially with UKIP rising and Nigel Farage one of the few heroes in this dismal saga after his rousing speech castigating Tsipras.
Britain is not about accommodate the migration of European workers resulting from EZ policy. There are no advantages of staying in the EU for Britain in comparison with the disadvantages. Especially with UKIP rising and Nigel Farage one of the few heroes in this dismal saga after his rousing speech castigating Tsipras.
4 comments:
Great point, Tom. The Brits are out, however, they'll continue to sow the seeds of their own future problems with rising inequality and an entrenched political and corporate elite.
The Germans clearly overdid it, even hawks think so. They are saying that this is Greece's humiliation and Greece should Grexit. The blame game is on Germans and their Northern friends. This was too much.
The quotes from Syriza MPs sound like political ass-covering. "We'll fight the good fight!". . . and then take a dive at the last minute.
I would debate whether the Brits saw through the euro "from the beginning". They only managed to dodge the bullet because they got blown out of the ERM. (A great day for me; I was there as a student with a CAD-denominated scholarship).
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