Post by account_disabled on Feb 22, 2024 6:44:57 GMT 2
It will not be before two years and will need the unanimous approval of all members of the Eurozone Flags of Greece and the European Union. Flags of Greece and the European Union.The victory of the no vote in the referendum called by the Greek government last Sunday could have great consequences for the country. The most feared by citizens: leaving the euro and, therefore, the European community. To do this, there are several legal avenues, not all of which are contemplated in the European Union treaties. Community Law only specifies one official way to leave the Eurozone : requesting voluntary withdrawal from the European Union. This would last for more than two years and would require the unanimity of all the members of the Monetary Union. Through official channels, it would be impossible for Greece to unilaterally leave the euro, much less without also abandoning the European community to achieve it. However, there are other alternatives to meet Greece's hypothetical desire to leave the Economic and Monetary Union (EMU) and return to its previous currency.
One of them could contemplate the return to the drachma without having to stop being part of the European Union. These are the four legal scenarios that the country would face: 1. Negotiate the approval of an official euro exit treaty Legally, the European model is intended to be irreversible: neither the community treaties nor community law contemplate the departure of a Member State from the EMU. However, experts in this branch of law explain to El Confidencial Digital that, based on the general theory of law, Greece's exit from the euro would be viable. Along these lines, the Greek government could argue that, in the same way that there is Denmark Mobile Number List a community resolution that verifies the conditions of compliance for entry into the euro system, the drafting and signing of a new agreement , this time of the opposite nature, would be totally plausible. , which set the guidelines and conditions that regulate departure. In this way, experts point out, the possibility of undertaking an atypical negotiation process between Greece and the European Union would be open, culminating in the formalization of a new and unprecedented protocol for “suspension or release of obligations inherent to the euro.
If both parties, the country that wishes to leave and the European authorities, reached an agreement on this aspect, an official and legally valid exit from the EMU could be proposed that would not entail the mandatory exit from the European Union . exp-player-logo What saints are celebrated today, Thursday, List complete saints list Currently only of the 27 European countries are part of the Eurozone. 2. “Official” exit from the EU, contemplated in article 50 of the Treaty of Lisbon If Greece wishes to leave EMU it must request its formal withdrawal from the European Union. The Treaty of Lisbon reflects this in its article 50 , which establishes the following: 1. Any Member State may decide, in accordance with its constitutional rules, to withdraw from the Union. 2. The Member State that decides to withdraw shall notify the European Council of its intention. In the light of the guidelines of the European Council, the Union will negotiate and conclude with that State an agreement setting out the form of its withdrawal, taking into account the framework of its future relations with the Union. This agreement will be negotiated in accordance with Article 188N(3) of the Treaty on the Functioning of the European Union.