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Home Moneta Blog EU treaty law has been "completely gutted".

EU treaty law has been "completely gutted".

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Next week the German Constitutional Court will hand down its decisions on whether the latest attempts at rescuing Greece are legal. We very much doubt they will say they are.

In the meantime, even the German central bank, known as the Bundesbank, has chimed in. according to the Telegraph:

EU law "gutted" by bail-outs, growls Bundesbank

Germany's Bundesbank has issued a thundering denunciation of Europe's rescue policies and actions by the European Central Bank, alleging that EU treaty law has been "completely gutted".

Let's see what happens next week, but as Reuters point out, the euro could be laid to rest in just fourdays from now.

 

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