Help or hindrance?
The different, and sometimes incompatible, views put forward by the representatives of Greece’s international lenders, better known as the troika, have had a grave impact on the way the country is governed.
The multiple layers of red tape are seriously undermining the coalition government’s decision making in crucial areas such as privatizations of state assets, the restructuring of the banking sector, the liberalization of the country’s energy sector and so on.
Occasionally it seems as if the different members of the troika – the European Commission, the European Central Bank and the International Monetary Fund – are driven by different motives and act according to different criteria.
If one finally takes into consideration the troubling fact that some of the troika representatives tend to change their mind on crucial issues, one realizes the extent to which they have contributed to the problems dogging the Greek state and the banks.
