On this day the European Union President, after gaining a successful ruling by the European Court of Justice, commenced proceedings against Greece in order to make that country take responsibility for its financial bailout loans.
Series II of Greece Starts The Rot: Greece Under Fire Part 08The Court also declared that the Greek challenge, where it could limit the amount of money transfer internationally, could also be overruled by Brussels if the European Commission deemed otherwise.
In a further blow to Greece, the Court also confirmed that the European Union, and other creditors, had the legal right to seize Greek assets, both internationally and domestic, as a form of lean in place of any monetary consideration in respect to the bailout loans.
The European Union President Jean-Claude Juncker declared his satisfaction on the Court's ruling. "We knew all along that, due to the various treaties of the European Union, especially the contractual conditions set out in the Greek bailout, that our legal position was solid.
"There is now no doubt that Greece must abide by the independent rulings of the Court. They can no longer argue that it is an arbitrary or undemocratic decision on my behalf. Either they must observe their loan conditions, remove the international money transfer barrier, or face losing all their assets both internationally and at home".
Part of the European Court of Justice's ruling said, in effect, that the European Union had sovereignty over its 28 member states: "It seems all but an impossible task to preserve this union, as we know it today, if it is to be made subject to ... the discretion of each of the member states".
Greek Prime Minister Alexis Tsipras rejected the Court of Justice's ruling and argued that the Greek government still retained its sovereign right to govern Greece for the benefit of its citizens. "The Greek government is responsible to the Greek People and not to some tyrant in Brussels".
Furthermore he declared that the EU's interference on economic matters was a breach of international trading laws,
and that an appeal over the matter would now be lodged with the World Trade Organisation.
Similar protests would be lodged with the United Nations over the interference to Greece's sovereignty.
On a more ominous note, Tsipras warned the EU not to try any physical intervention. "If some EU bailiff tries to enter and take custody of the Bank of Greece, or any other Greek bank on Greek soil, we will treat him like a bank robber and have him arrested.
"If they send in a hundred of them it will be considered an invasion and we will have the army surround them and force them to surrender".
To further the warning issued by Tsipras, the new Greek Defence Minister Panos Kammenos hosted a meeting of the Greek defence heads. Officially the Ministry of National Defence explained that it was a simple and mundane introduction meeting, but anonymous sources within the Hellenic Armed Forces claimed that the meeting was extremely serious and explored what avenues were available if Greece found itself at war with the European Union.