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Syriza considers using the Treaty of Lisbon against the ECB


While 61,31 % of the Greek population rejected the Troika plan to save their economy, and there was news of a possible halt in liquid assets by the European Central Bank, an important faction of Syriza is examining the possibility of applying the emergency dispositions of the Treaty of Lisbon.

Tomorrow, Tuesday 7th July, the Greek negotiator should warn his European colleagues that they must respect the Treaty of Lisbon, which forbids the ECB to freeze liquid assets. In the case of a refusal, the Greek government could declare a state of emergency, expropriate the Greek Central Bank, and print its own Euros (it has the plates necessary for printing 20 Euro notes). At the same time, it could turn gainst the President of the European Central Bank, Mario Draghi, for having failed to supply Greece with the means for its financial stability [1].

Pete Kimberley

[1] “SYRIZA Forces Demand “Requisitioning” of Greek Central Bank”, by Webster G. Tarpley, Voltaire Network, 6th July 2015.

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