Stability requires that the Law be followed!

Spirit of Stead, comments to reports of yesterday's meltdown in the markets in The Independent, linked here, as follows: The clear provisions of the Maastricht Treaty are being breached in the proposed Eurogroup rescue of Greece. No layman can possibly tell if these provisions were directly transposed into the Lisbon Treaty as that was deliberately written in gobbledegook to allow it to be enacted over the clear opposition of the people of Europe. The EU elite are are blind to their own daily journey beyond the realms of legality. How now can they expect markets to react, other than with fear for their own survival. In stepping outside the terms of the Treaties the EU Institutions make their own words and actions ever more unbelievable. The IMF must be left to handle Greece on its own within the exact legal limits of its own authority. This will require, I imagine, a return to the Drachma and an immediate large devaluation against the dollar. Who knows where its value may lie against the other newly re-appearing old European currencies as they too emerge from the long nightmare that has been the common Euro currency, formed merely as a tool on the march towards a Popperian pan-European tyranny.