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elleng

(130,974 posts)
Mon Feb 2, 2015, 05:13 PM Feb 2015

Greece bailout 'troika' may go - European Commission

The European Commission says the controversial EU-IMF troika supervising Greek finances could be replaced.

The troika is a group of auditors representing the Commission, the European Central Bank and IMF.

They carry out regular checks to see if Greece is sticking to its commitments under the EU-IMF bailout agreement.

Greece's new left-wing government does not accept the troika's agenda. Instead it aims to renegotiate the bailout, to get a huge reduction in Greece's debt.

At a news conference on Monday, the Commission chief spokesman, Margaritis Schinas, quoted a pledge by Commission President Jean-Claude Juncker to replace the troika.

"In the future, we should be able to replace the 'troika' with a more democratically legitimate and more accountable structure, based around European institutions with enhanced parliamentary control both at European and at national level," Mr Juncker said in his mission statement last year.

Mr Schinas did not expand on Mr Juncker's proposal, stressing that "first we need clear understanding" of the Greek position.

Greek Prime Minister Alexis Tsipras will hold talks with Mr Juncker in Brussels on Wednesday.

http://www.bbc.com/news/world-europe-31098367

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Greece bailout 'troika' may go - European Commission (Original Post) elleng Feb 2015 OP
Good luck, Greece! Demeter Feb 2015 #1
Go Greece, here's to Democracy! appalachiablue Feb 2015 #2
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