A country loses sovereignty
when its public debt is too high, European Central Bank Governor
Mario Draghi told the European Parliament on Monday.
He said this happened because, at that point, "it is the
markets that decide".
In these cases, he said, "every policy decision must be
scrutinised by the markets, that is by persons who don't vote
and are outside the process of democratic control".
Draghi said "the debt is produced by political decisions by
governments" and "sovereignty is lost because of mistaken
policies".
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