Greece pays a high price for complacency

The bailout of Greece agreed by European leaders in Brussels last week will lead to significant extension of the EU’s powers.

13th February, 2010

The bailout of Greece agreed by European leaders in Brussels last week will lead to significant extension of the EU’s powers.

Future Greek budgets are likely to be subject to unprecedented oversight by officials from the European Commission.

Sources in Brussels and Dublin agreed this weekend that the Greek rescue would represent a significant diminishing of Greek economic sovereignty.

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