Patrick Cockburn: Greeks rage at erosion of sovereignty while leaders haggle over deal
Published 17/02/2012 | 05:00
GREEK leaders express frustration and anger at the rapid erosion of their country's sovereignty by German and eurozone leaders, but see no alternative but to accept quasi-colonial control in return for the €130bn rescue package.
Greece's capacity to take the important decisions on its future is becoming very limited as decision-making on such matters as the choice of the Greek prime minister, the date for the next general election and the supervision of the expenditure of the bailout shifts to Berlin and Brussels. Greeks are now about to be hit by their sixth austerity package in five years.
Acrimony reached a new peak in the last few days, as the German Finance Minister Wolfgang Schaeuble expressed doubts about Greece sticking to its promises and saying its appetite for foreign funds was like "a bottomless pit".