Draft Report: Enquiry report on the role and operations of the Troika (ECB, Commission and IMF) with regard to the euro area programme countries, December 2013

The Committee on Economic and Monetary Affairs of the European Parliament (ECON) began preparing an own initiative report evaluating the structure, the role and operations of the 'Troika' (European Commission, ECB and the IMF) actions in euro area programme countries in 2013.

The context of the enquiry was that some MEPs thought that many citizens in Europe were sensing a lack of accountability and transparency of the working methods of the Troika. An increasing number of petitions, complaints and other citizens' requests have been channelled to the European Parliament in this regard.

A delegation of ECON Committee members embarked on visits to ‘programme countries’, visiting Lisbon on 6-7 January 2014, followed by Nicosia for meetings on 10 January 2014. Meetings were to be held with government and opposition representatives, social partners and central bank officials as part of the ECON evaluation of the Troika. The delegation also visited Ireland on 16-17 January 2014 and Greece later in January, alongside high level hearings in the same month with key officials involved such as Olli Rehn, Jean-Claude Trichet and Klaus Regling

The draft report which is meant to form the basis for discussions, rather than present conclusions at this early stage, was to be presented at an extraordinary Committee meeting on 16 January 2014.

European Parliament: OEIL: Follow the progress of this Own-Initiative Enquiry report on the role and operations of the Troika (ECB, Commission and IMF) with regard to the euro area programme countries http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2013/2277(INI)

ECB: ECB response to the questionnaire of the European Parliament on the troika, January 2014 http://www.ecb.europa.eu/pub/pdf/other/140110_ecb_response_troika_questionnaireen.pdf

ESO: Background information: EU parliament to probe bailout troikas http://www.europeansources.info/record/eu-parliament-to-probe-bailout-troikas/

ESO: Background information: MEPs point to conflicts of interest within troika http://www.europeansources.info/record/meps-point-to-conflicts-of-interest-within-troika/

ESO: Background information: MEP bailout enquiry in Portugal after postponed Greek trip http://www.europeansources.info/record/ongoing-investigation-on-bailout-troikas/

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