Monday, January 30, 2012

Greece fury at EU bid to control its budget as leaders are accused of undermining democracy........What democracy?

EU leaders were accused of undermining democracy yesterday after Germany demanded that Greece surrender control of its economy to a Brussels commissioner.

The bankrupt nation is expected to sign a new bailout deal today at a summit in Brussels, which will see another £109billion of Greece’s debt written off.

But the government in Athens has reacted with fury to calls for it to be stripped of sovereign control of its own finances, rejecting the plans as ‘impossible’.

British critics said the plan would further undermine democracy after EU leaders were blamed for ousting both the Greek and Italian leaders last year. Read More