9 July 2010

Looking to Germany for salvation

The Telegraph's International Business Editor Ambrose Evans-Pritchard continues to be the only British mainstream media journalist consistently worth reading. His latest article on the legal challenges in Germany to the recent EU power-grab over the Greek rescue package, which French Europe Minister Pierre Lelouche publicly admitted breached the Lisbon Treaty no-bailout clause; which reads:
The Union shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of any Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project. A Member State shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of another Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project.
So, once again, as when opponents of EU empire-building were reduced to praying that Czechoslovakia would reject the Lisbon Treaty following the Brown regime's refusal to honour Blair's commitment to a referendum, the institutionally spineless Brits hope for a deus ex machina to rescue them from a massive surrender of sovereignty that, if they were possessed of any self-respect, they could easily reject themselves.

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