Thursday, April 15, 2010

Rescue Plan for Greek Economy Is Thrown Into Doubt Amid Claims It Breaches the Maastricht Treaty

MAIL ONLINE: The Greek rescue operation was thrown into doubt yesterday after a German academic said he was planning to launch a court challenge.

Joachim Starbatty, a leading economist and professor at Tuebingen University, said that Athens’s aid package breached the European Union’s Maastricht Treaty.

The move came amid renewed market jitters over whether Greece will actually receive the planned £40billion bailout.

A leading member of the European Central Bank added to nerves by warning that soaring government debt in the region could have ‘severe consequences’ for the stability of the euro. >>> Sam Fleming | Thursday, April 15, 2010