The latest failed Eurogroup on 16.2.15 has led to talk of legality in keeping Greece focused on fulfilling its obligations to its creditors. It is fanciful however to consider the Maastricht convergence criteria (or ESM obligations) as legal obligations in the strict sense, especially when the former have been honoured via violation from the point of their conception.
Even if one agrees that this ‘legality’ means something for Greece, the overall legal wrapping of austerity served to delegitimise law and the enforcement tools of Troika imposed policies.
This is the topic of my paper on Law and Austerity recently published on the TNI website. Click here for details.