Thursday October 2, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika remains essential, says Rehn

Europe needs the combined expertise of the IMF, the European Central Bank and the European Commission in handling the euro zone debt crisis, the EU's economics chief said on Thursday, dismissing suggestions the 'troika' should be disbanded.

"The troika was set up on the initiative of the euro area member states in 2010 as a key element of our response to the crisis facing Greece," Economic and Monetary Affairs Commissioner Olli Rehn said in comments emailed to Reuters.

"None of these situations are easy," he said, referring to the programs in Greece, Portugal, Ireland and Cyprus that the troika is now overseeing. "But that makes it all the more important that we can draw on the combined and complementary expertise of three institutions."

Earlier this week, the EU justice commissioner, Viviane Reding, called for the troika to be dissolved saying it had run its course and that Europe did not need the International Monetary Fund to resolve its problems.

Rehn said teams from the three institutions worked well together, "often in the most challenging of situations". Any reassessment of how it operates was for the future only.

"We should certainly explore ways to optimize the governance of the euro area, including its crisis management mechanisms," he said, adding: "That will be the right time and context to discuss whether and in what form to maintain the troika model." [Reuters]

ekathimerini.com , Thursday Jul 18, 2013 (11:25)  
Terror group link prompts police raids and arrests
Samaras to seek confidence vote in bid to rally coalition
Police bust airport trafficking ring
Undocumented migrant flows to Greece have tripled minister says
Attica Bank said to have rejected notable offers
Attica Bank has turned down buyout proposals from strong institutional portfolios and investors in recent months, setting the maintenance of the present share and administrative structure of...
PMI index slides anew in September
Greeces Purchasing Managers Index (PMI) fell last month to its lowest point this year, hitting 48.4 points below the zero-change point of 50 points according to Markit, which compiles t...
Inside Business
SOCCER
Rosenberg punishes Olympiakoss errors at Malmoe
A disappointing Olympiakos got the worst possible result from its clash with Malmoe in Sweden for the Champions League, going down 2-0 on Wednesday due to its own defensive errors and attack...
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Rosenberg punishes Olympiakoss errors at Malmoe
2. Terror group link prompts police raids and arrests
3. Samaras to seek confidence vote in bid to rally coalition
4. Attica Bank said to have rejected notable offers
5. PMI index slides anew in September
6. Costa Navarino to host big events
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
3. Truth before the battle
4. Smallpox decimates sheep stocks in northern Greece
5. Thessaloniki transport gets more expensive
6. Bending the rules
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.