{"id":326151,"date":"2010-02-16T05:32:38","date_gmt":"2010-02-16T10:32:38","guid":{"rendered":"http:\/\/www.businessinsider.com\/germany-greece-should-lose-its-eu-membership-rights-while-it-is-in-receivership-2010-2"},"modified":"2010-02-16T05:32:38","modified_gmt":"2010-02-16T10:32:38","slug":"germany-greece-should-lose-its-eu-membership-rights-while-it-is-in-receivership","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/326151","title":{"rendered":"Germany: Greece Should Lose Its EU Membership Rights While It Is In “Receivership”"},"content":{"rendered":"

\"greek<\/p>\n

When the US bailed out its banks, it really didn’t impose any limits on them in terms of business practices or bonuses.<\/p>\n

It doesn’t sound as though the EU will be that soft on Greece if in fact a bailout is forthcoming.<\/p>\n

First of all — not surprisingly — Greece will be forced to impose a vicious austerity budget that will whack at least 4% off its GDP.<\/p>\n

But that’s not all.<\/p>\n

Kurt Lauk, the head of Angela Merkel’s business caucus, told Bloomberg<\/a> that a bailout must come with a limitation of EU rights: “If a country is in receivership, I think we need to introduce a rule that they are not allowed to vote while they’re in receivership — in the council or on any other issue.”<\/p>\n

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