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Tag Archives: Troika

Athens: 4 protesters injured as Troika representatives try to leave ministry

It was at least one water bottle that hit the glass window of the IMF representative in Greece Poul Thomsen. The Troika convoy was leaving the ministry of administrative reform in downtown Athens amid the tight seize of protesters angry about the upcoming lay-offs in public service. While the Troikas …

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Economist: Troika is the 3-headed monster trapping countries in economic underworld

It looks as if slowly thε international community starts to realize that the grip of Troika’s imposed austerity leads to nowhere. Or better say: strict and merciless austerity leads right to the sharp teeth of a monster eating our flesh, to paraphrase the article “The euro’s hellhound -It is time …

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Troika-investigator MEP Karas sets the Greeks on fire

There is a news topic that it honestly surpasses me. It is complicated, it has lots of details of translation mistakes, pronunciations mistakes and lawmakers who don’t speak foreign languages and  to tell you the truth, I have no interest about. Yet I feel the need to post about it, …

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Olli Rehn: Greek haircut did not happen in 2010 in order to save European banks and EU member states

It’s official! What we thought and reported about back in 2010 and 2011 about why there was no haircut of Greek debt, it’s been now officially confirmed by EU commissioner Olli Rehn. “Greek debt did not undergo restructuring ( haircut ) in 2010,  in order to avoid contagion of the …

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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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EUobserver: bailout advisers to Troika – the multi-million unholy business with austerity

Who are the advisers to Troika who rule over our austerity-hit lives? In Greece, in Portugal, in Ireland, in Cyprus and Spain? How do they get the jobs and the contracts? How much are they being paid to ruin the lives of citizens in the European South? What are their …

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In other Greek news: let’s talk about debts and troubles…

In other Greek news: The Troikans Poul Thomsen (IMF) and Matthias Morse (EU) had to leave the building of the Greek Finance Ministry from a back door. Cleaning personnel on “mobility scheme” and Development Ministry personnel protesting the dismissal of their colleagues had blocked the main entrance of the ministry …

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EU source:Troika won’t go to Greece “because no one wants them” (via Reuters) *sigh*

Do the Troika inspectors boycott Greece? Have they put their visit to Athens on hold? Reuters reported so on Thursday afternoon citing two “eurozone sources”. According to Reuters, the Troika put its visit on hold because the Greek government rejected more austerity measures. The news of a possible postponement set …

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Eurogroup, Greece & the IMF: a new haircut or not?

The Eurogroup meets up on Monday in Brussels with Eurozone finance ministers expected to review individual bailout programs of Eurozone member countries. Greece will also be discussed even as its government is reportedly considering a proposal for a debt turnover Greek finance Minister Yiannis Stournaras will brief his counterparts about …

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Troika rejects decrease in heating oil tax; Greeks to freeze another winter

Greece’s lenders, the Troika rejected two of Greek government plans: the tax reduction in heating oil and the broadening of income criteria for those entitled to heating oil allowance. The government had proposed to decrease at 15% the Special Consumption Tax for heating oil and avoid the freezing of Greek households and the incredible air pollution of …

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