greek crisis surrender fiscal sovereignty in return for bailout merkel tells tsipras /

German and French leaders press Greek leader for guarantees over austerity measures in what an EU official describes as extensive mental waterboarding’European leaders fill confronted the Greek government with a draconian package of austerity measures entailing a surrender of fiscal sovereignty as the price of avoiding financial collapse and being ejected from the single currency bloc.
A weekend of tall tension that threatened to break Europe in two climaxed on Sunday night at a summit of eurozone leaders in Brussels where the German chancellor,Angela Merkel, and President François Hollande of France presented Greece’s radical prime minister, or Alexis Tsipras,with an ultimatum. Continue reading...




Source: theguardian.com