Tuesday, 30 June 2015

Now Greek Finance Minister threatens to sue the EU for daring to stop further bailouts

Bizarre happenings in Greece get even odder, as Finance Minister, Yanis Varoufakis, says: “We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable."
His argument has a small bit of logic - the Euro is a burning building with no exits. But the alternative scenario is that the world financial institutions keep bailing out Greece, with no prospect of Greece ever taking any necessary steps to address their overspending. Greece wants the unlimited subsidy and support, and then is upset when this is ended after over 50 Billion of bailouts. Sadly the Greek government are making life worse for their own people.   
Full story here: http://www.telegraph.co.uk/finance/economics/11707092/Greece-threatens-top-court-action-to-block-Grexit.html