Greek Tragedy

My comment to The Times Leading Article today (with the above title), linked here, was as follows:

Martin Cole wrote:

The issue is whether the EU is to be allowed to temporarily (?) remove Greek Sovereignty. If so for what reason? The economic excuse does not hold water as the IMF exists to handle such events. Your paper reports that the German Chancellor is objecting to an IMF rescue suggesting pride as a cause. Can this seriously be the case? Is wounded pride sufficient reason to remove self-rule from the nation that was the cradle of democracy? Whatever precedent is set by the Greek crisis will soon be likely to also need to be applied to other countries within the eurozone in similar plights, drastically upping the stakes. Britain is in a different plight where IMF intervention remains a likely possibility. Even the cowed and disenfranchised British electorate would thus surely reject EU intervention to aid euro-zone basket cases under article 122 of the Lisbon Treaty?

February 10, 2010 5:26 AM GMT on community.timesonline.co.uk

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