MEPs point to conflicts of interest within troika

Othmar Karas and Liem Hoang Ngoc, the two Members of the European Parliament (MEPs) tasked with looking at the problems surrounding the work of the so-called troika (EC, ECB and International Monetary Fund) in Greece, Portugal, Ireland and Cyprus submitted their first draft of the report in December 2013. The report was due to be voted on in the European Parliament plenary in March 2014.

The European Commission and the European Central Bank had conflicting interests when they acted within the troika of international lenders in bailed out countries, the MEPs said.

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

ESO: Background information: Troika consultancies: A multi-million euro business beyond scrutiny http://www.europeansources.info/record/troika-consultancies-a-multi-million-euro-business-beyond-scrutiny/

ESO: Background information: 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 http://www.europeansources.info/record/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/

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