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The truth is that the legal basis underpinning the arrangements for more EP participation in the Eurozone’s structural adjustment programs is rather thin and, hence, the presented democratic improvement is somewhat limited.
The legal provisions do not not commit the IMF to accepting the request of the Eurozone Member State concerned; in this case Greece. However, on the EU’s side, it seems necessary for a Eurozone Member State that receives financial assistance through the ESM to request similar assistance from the IMF. In either case, Greece already […]
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