Country loses sovereignty if debt high

(ANSA) - Brussels, January 28 - 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".