Power struggle in Berlin and Brussels over the fate of Greece

[Infinite Chaos]

European Commission President Juncker wants to keep Greece in the euro zone, no matter what the price. Member states, though, are beginning to lose their patience. Who will ultimately have the final say?

--snip--

Juncker has become Tsipras' last hope. Last week, the Commission president made clear that Greece's departure from the euro zone is out of the question. "The European Commission's position is that there will be no Grexit," he said in an interview with the German weekly "Welt am Sonntag." Link.

The article closes with a look back at when Cyprus came very close to an exit of the euro, the economy of Cyprus crashed but is recovering (thanks to a lot of Russian tourism and money) but who will be Greece's saviour if Juncker manages to keep Greece within the euro?

 

[joG]

The article closes with a look back at when Cyprus came very close to an exit of the euro, the economy of Cyprus crashed but is recovering (thanks to a lot of Russian tourism and money) but who will be Greece's saviour if Juncker manages to keep Greece within the euro?

The problem with the Euro is that it cannot work without surrendering much more sovereignty than the Germans, Austrians and others are willing to give up. The Maastricht Treaty is off the wall and awash in wishful thinking. That is why the UK was unwilling to enter it even with a bailout clause. The Bundes Verfassungsgericht (Supreme Court) have made multiple decisions on the unconstitutionality of further loss of sovereignty without going to the People. While the EU Lobbyists have tentatively floated the idea that the People do not have to be asked "directly" as Germany is a democracy of "indirect" process, this has been very muted, as there are rather grave doubts in strong groups, whether that would be the straw that broke legitimacy's back and caused real resistance.

So geting rid of the Greeks is only a promise of respite. It could also be interpreted as a signal, that there might be light and an end of the tunnel called Euro.

 

[Infinite Chaos]

-- It could also be interpreted as a signal, that there might be light and an end of the tunnel called Euro.

I'm not seeing that yet, there are many with heads in sand who will continue to support it whatever the cost.

The irony of the current power struggle also is that Juncker is the man Merkel eventually backed when David Cameron fought to prevent his election as European Commission President.