So, whom do I sue over ECB’s rule violations?


So, whom do I sue?

By Andrew Lilico Economics Last updated: May 24th, 2011

 The Telegraph

Article 125 of the EU Treaty states:

The Union shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of any Member State… A Member State shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of another Member State

Everyone knows that this Treaty article was violated by the Greek, Irish and Portuguese bailouts. Indeed, senior French politicians have not been shy of spelling matters out. For example, in May last year, French Europe Minister Pierre Lallouche cheerfully declared: “De facto, we have changed the treaty”. Again, Christine Lagarde – now favourite for the IMF job – stated last December: “We violated all the rules because we wanted to close ranks and really rescue the euro zone…The Treaty of Lisbon was very straight-forward. No bailout.”

Now if, say, Greece and Ireland default, then bureaucrats and politicians will have lost lots of my money doing something forbidden by ratified international treaty. Can I sue them, to get some of it back?

2 Responses to So, whom do I sue over ECB’s rule violations?

  1. greenberry says:

    Would there be any idea suing in a system making rules with one hand and with the other violating the very same rules? Except to get anywhere suing somebody in a system like that? Wasting your time.

  2. Emanuel says:

    Waste of time when you are dealing with the devils advocate. Fact is, The Zionist banksters have planned this scenario all along, It dates back to the late 1700 and the napoleonic wars when Rhodes fraudunetly cashed in on the spoils of war . Then to the 1913 take over of the Fedral reserve by the Zionist Bankstsres and all other foreign reserves as well., making the Dollar the central currency which was in reality further devalued to nothing by dislodging it from the Gold standard. We can’t go back to the Gold standard now because no one knows or is willing to disclose where all the gold has disappeared to.From what I have heard Fort Knox has not got one bar of gold in it, correct me if I am wrong but, truth adds to speculation that much of the gold is only but a thin vernier over another heavy metal made out to be solid gold.

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