Monday, February 2, 2015

Brussels considering liquidation of Troika of international creditors for Greece

The European Commission is considering the possibility of liquidation of the format of the "Troika" of international creditors for Greece (the European Union, European Central Bank and International Monetary Fund) that is engaged in crediting and in fact, external management of the Greek economy, a European diplomatic source told TASS on Monday.
He said, however, that Brussels might take this step only if the country’s new government confirms the course for "budget economy and structural reform." 

The "troika" is associated in the country with numerous hardships that the Greek nation had to endure over the past three years. In this connection, the format of the "troika" of international lenders may be abolished and replaced with a new regime of macro-finance dialogue with Athens, but only on the condition of continuation of the budget economy and structural reform course by Greece, the diplomat said.

"This possibility is under discussion," he said.

Greece has been relying on international rescue loans since 2010. It has received 240 billion euro (330 billion dollars) in international loans. In exchange, Athens has implemented harsh austerity programmes. The measures have forced people to endure multiple tax increases, along with cuts in pension and salary, in exchange for bailout loans by the troika.
[itar-tass.com]
2/2/15
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1 comment:

  1. Deutschland hält trotz der schroffen Absage der neuen griechischen Regierung an der Troika zur Kontrolle der Hilfsprogramme für angeschlagene Euroländer fest...

    Es gebe "keinen Anlass, von diesem bewährten Mechanismus abzuweichen", sagte die stellvertretende Regierungssprecherin Christiane Wirtz in Berlin.

    Es seien auch keine Anhaltspunkte bekannt, die EU-Kommission könne davon Abstand nehmen. Das Finanzministerium betonte, Kontrollen wie von der Troika aus Kommission, Europäischer Zentralbank und Internationalem Währungsfonds seien etwa im Vertrag zum Schutzschirm ESM verankert. Dies sei nicht einseitig zu ändern, erläuterte eine Sprecherin.

    Athen wirbt um umstrittene Pläne

    Die neue griechische Regierung wirbt bei der EU-Kommission für ihre umstrittenen Pläne im Kampf gegen die Schuldenkrise. EU-Währungskommissar Pierre Moscovici und der neue griechische Finanzminister Yanis Varoufakis hätten in Paris konstruktive Gespräche geführt, teilte die Kommission am Montag mit.................http://www.welt.de/wirtschaft/article137030486/Abfuhr-an-Griechenland-Berlin-haelt-an-Troika-fest.html
    2/2/15

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