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Tag Archives: European Parliament

European Parliament points conflict of interest within the Troika of IMF, EU, ECB

The European Commission and the European Central Bank had conflicting interests when they acted within the troika of international lenders in bailed out countries, Members of European Parliament say. Othmar Karas and Liem Hoang Ngoc, the two MEPs tasked with looking at the problems surrounding the work of the so-called …

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Austerity for all: European Commission is bankrupt, needs €2.7 billion ( LOL)

The European Commission is bankrupt. If the European bureaucrats will not be able to find a €2.7 billion injection, the institution will halt its payments by the middle of November. Two days ago, EC president Jose Manuel Barroso made a desperate plea for extra cash to keep the institution afloat, …

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EU Task Force: We’ll see reforms results in Greece after one year

“In a year we will know what with did with the reforms in Greece,” head of EU Task Force Horst Reichenbach told during a public hearing  of the European Union. Speaking at the Committee on Budgetary Control of the European Parliament in Brussels about the application for financial assistance from …

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