The Greek Debt Crisis

The Greek debt crisis differs from previous debt crises because the creditors are imposing a complete package for the governance of Greece (See Actions to be taken by Greece ).

The EU Treaties, especially the Lisbon Treaty, remove national sovereignty. They allow the EU to assume competence for the government of a member state. In the absence of an EU Defence Force all that the EU can do at present is to threaten and cajole member states but be assured that eventually the EU will be sending in the troops to remove renegade regional governments.

With the liberalization of world trade over the past 30 years there are no tariff or other economic hurdles confronting countries that leave the EU. This means that membership of the EU is entirely about the issue of sovereignty.

In the long run, do you want to be ruled by Brussels? If your answer is "YES" have you considered the difference between "Respect" and "Union"?

Also see: The Future of Greece - A Dangerous Deception.

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