Germany and France have taken the lead in preparing the rescue operation, which represents a potential landmark in European integration as it implies a commitment on the part of stronger countries to guarantee the financial stability of weaker and more fiscally indisciplined partners.
German politicians insisted that the plan did not amount to a “blank cheque” for Greece. They underlined that the Greek authorities would pay a high price in terms of EU-level oversight of their budgetary and economic policies.
Via FT
PS: Perda da independência.
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