Tuesday, December 1, 2009

Greece can expect no gifts from Brussels

''..The speculation is now back, but there is one difference. The eurozone will not come to the rescue this time, verbally or otherwise, unless Greece meets a number of conditions the European Union is likely to impose in the coming months.

The EU's authorities, rightly or wrongly, are more afraid of the moral hazard of a bail-out than

the possible spillover effect of a hypothetical Greek default to other eurozone countries. If faced with a choice between preserving the integrity of the stability pact and the integrity of Greece, they are currently minded to choose the former. To safeguard what is left of the stability pact, they are determined to link any help to a country's willingness to comply. Otherwise the EU fears it might lose all leverage over budgetary processes elsewhere in the eurozone. And no country in the eurozone has flouted the pact more than Greece..'' munchau, ''F.T.''

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Η εφημερίδα υποθέτω ότι εξαφανίζει τις όποιες ψευδαισθήσεις σε σχέση με την συμπαράσταση της Ευρωζώνης προς την χώρα μας. Αν δεν το κάνουμε εμείς θα το κάνουν οι αρμ΄'οδιοι που θα εφαρμόσουν την παράγραφο 9 και μετά 10 του άρθρου 104 του σύμφωνου σταθερότητος.

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