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The French know how to protest
(lemmy.nz)
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this post was submitted on 06 Oct 2026
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Microblog Memes
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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
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That statement is just too vague to address.
You mean the growth and stability pact? That puts caps on deficit and debt, and would force austerity measures, but had been repeatedly broken, notably by Germany and France in the early 2000s, with no punishments, so it's a very week mechanism at this point.
The Greek and Portuguese bailouts were negotiated with the "Troika" of the European Central Bank, European Commission and the International Monetary Fund. These weren't part of EU law at all, but a consequence of the absolute failure of the stability mechanisms and a widespread fear that defaults would drag a bunch of other countries along and cause massive economic turmoil - remember that this is in the follow up to the 2008 crisis.