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Except if the ECB and Eurogroup is allowed to depose member state governments, then they control who is appointed.
by fjallstrom on Mon Jul 20th, 2015 at 11:52:05 AM EST
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It begins to sound like the loop of power in the Iranian Republic.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Jul 20th, 2015 at 03:45:47 PM EST
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Not that again.
by IM on Thu Jul 23rd, 2015 at 07:54:15 AM EST
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No counter argument then?
by fjallstrom on Fri Jul 24th, 2015 at 05:26:21 AM EST
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You are imagining things. Your buddy Berlusconi had already lost his parliamentary majority. In parliamentary democracies the parliament can remove governments. And so on.
by IM on Fri Jul 24th, 2015 at 05:53:45 AM EST
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Berlusconi is no friend of mine, and I don't see why you would suggest that.

Anyway, I was not refering to Italy, but to Greece. With the current deal in place, the Greek parliament is reduced to a rubber stamp department of the Troika.

The Euro-Summit `Agreement' on Greece - annotated by Yanis Varoufakis | Yanis Varoufakis

The government needs to consult and agree with the Institutions on all draft legislation in relevant areas with adequate time before submitting it for public consultation or to Parliament [i.e. Greek Parliament must, again, after five months of short-lived independence, become an appendage of the Troika - passing translated legislation mechanistically.]

And, furthermore the Greek government must own their austerity:

The Euro-Summit `Agreement' on Greece - annotated by Yanis Varoufakis | Yanis Varoufakis

In this context, the ownership by the Greek authorities is key [i.e. the Syriza government must sign a declaration of having defected to the troika's `logic'], and successful implementation should follow policy commitments.

Taken together, this limits the possible governments of Greece to governments that are pro austerity and accepts the Troika writing the laws of Greece. On pain of economic blockade through a banking system made illiquid.

by fjallstrom on Fri Jul 24th, 2015 at 02:03:07 PM EST
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Are you in the wrong thread?
by rz on Fri Jul 24th, 2015 at 03:25:53 PM EST
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No.
by IM on Fri Jul 24th, 2015 at 04:10:02 PM EST
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