8 July 2015 — Meeting called to legalize Grexit
Are you wondering why there has to be a meeting of ALL EU leaders on Sunday? This is a meeting of the European Council (Heads of state or government of EU countries, European Commission President, High Representative for Foreign Affairs & Security Policy).
An all hands meeting is needed to give legal effect to a Grexit decision. It has been suggested that, because of urgency, a unanimous agreement by the European Council leading to the issue of a European regulation, could be sufficient to allow for Grexit, despite the legal uncertainty that this could entail.
This is extremely important. It means that the ‘institutions’ have decided that Grexit is a viable path and they are trying to legitimise it. How Grexit could become legal is explained here.
The referendum has changed everything. The Europeans are willing to cut Greece loose. This is now a matter of National survival. Tsipras needs to offer a set of proposals the Europeans cannot refuse, or it is game over. There is no doubt.