This website requires the use of Javascript to function correctly. Performance and usage will suffer if it remains disabled.
Germany: Expel EU Rule-breakers

Real Truth logo

World News Desk

Germany: Expel EU Rule-breakers

Learn the why behind the headlines.

Subscribe to the Real Truth for FREE news and analysis.

Subscribe Now

Addressing the German parliament, Chancellor Angela Merkel said European Union rules should be amended to expel countries that exceed the debt limit established for member-states.

“In the future, we need an entry in the [Lisbon] Treaty that would make it possible, as a last resort, to exclude a country from the eurozone if the conditions are not fulfilled again and again over the long term,” the German chancellor said. “Otherwise co-operation is impossible” (EUobserver).

The EU’s Stability and Growth Pact sets debt and deficit limits at 3 percent of gross domestic product. Yet some European nations are well beyond this requirement. For example, Greece’s 2009 financial deficit was as high as 12.7 percent—four times higher than the EU regulations permit.

“Ms. Merkel is demanding new measures to beef up the euro-zone’s rules for disciplining a wayward member, a move that some see as a step toward tighter economic integration in the group,” The Wall Street Journal wrote. “Others read the push as a signal that Germany is merely seeking greater control over other governments’ fiscal policy, while refusing to deepen its own commitment to the common European cause.”

FREE Email Subscription (sent weekly)

Contact Information This information is required.

Comments or Questions? – Receive a Personal Response!


Your privacy is important to us. The email address above will be used for correspondence and free offers from The Restored Church of God. We will not sell, rent or give your personal information to any outside company or organization.

Latest News

View All Articles View All World News Desk