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Greece could fail to live up their obligations under the treaties regarding the euro.

A country that fails its obligations can be sued in Court by the Commission and get to pay a fine. Happens all the time and have never resulted in country leaving the EU or being expulsed.

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by A swedish kind of death on Tue Jan 6th, 2015 at 09:42:43 AM EST
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There are actually obligations on both sides. The troika has reneged on some of its agreed to obligations.
by Upstate NY on Wed Jan 7th, 2015 at 10:58:25 AM EST
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Yes, thanks for pointing out in another thread that Greece has already been promised a debt rescheduling.

So if Greece starts using something else, Greece fails its obligations.

After the Troika (which includes the commission and the ECB) failed on their promises for restructuring the debt.

After the ECB, the Commission and the Eurogroup totally ignored that the social protocol talked about social protection and not about destroying it.

After the ECB used a 3% deficit rule that the Italian minister at the time claims were non-binding to bludgeon member states with trade deficits into giving up powers that never belonged to the Troika.

All in all, there are a number of vioaltions and if Greece defends itself with vigor a case before the Court can be interesting.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Wed Jan 7th, 2015 at 04:10:22 PM EST
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Greece could balance its budget with the ticket sales and broadcast rights.
by rifek on Wed Jan 28th, 2015 at 12:29:31 PM EST
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