Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Luis de Sousa:
. The vast majority of Greeks want to remain in the Eurozone, let alone the EU.

If there are opinion pols on the eurozone in Greece, I would very much like to see them.

On the leaving the EU part, I don't see it. Sure, there is no legal basis to leave the EMU, but then again there is no legal basis for ECB to bleed the perifiery dry. In the short term, executive power rules.

Say that Greece or Portugal defaults, issue their own currency and does not leave the EU. Then the Commission could take Greece or Portugal to court, the country could be fined, loose EU-funds and eventually voting priviligies. Then again taking a country to court is a political decision, and if you are right that the rest of the eurozone promptly collapses when the first leaves, maybe the rest of the EU is not all that interested in trying to push the first country that left to re-join the collapsed EMU.

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by A swedish kind of death on Sat Mar 17th, 2012 at 03:38:20 PM EST
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