Greece is near bankruptcy and must give up part of its sovereignty to obtain the large debt forgiveness it needs to survive, a leading conservative member of German parliament was quoted as saying on Saturday..."You are very close to bankruptcy," Real News quoted [deputy parliamentary floor leader for Chancellor Angela Merkel's Christian Democrats (CDU) Michael] Fuchs as saying in an interview. "We can not agree to a 'haircut' without terms and conditions and therefore, Greece must give up something, like some of its national sovereignty -- at least temporarily," added Fuchs, who is also the chair of the influential CDU small business group in parliament....
Read the rest at AthensNews, Greece must give up sovereignty to get more help
Giving up currency sovereignty can be a dangerous game.
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I would like to point out that Germany stole $12 billion EUROS of gold from Greece during WWII.
Adjusted for inflation and interest, I would think that Germany would need to give up some sovereignty and pay back Greece ...
especially since that gold was used to kill Jews, US GI's, Russians, slavs, catholics, gypsies, those with disabilities, and all that Germany tried to steamroll.
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