#AceFinanceNews – EUROPEAN UNION – European lawmakers are calling into question the ability of the Troika to effectively deal with the crisis, and many are attacking its methods.
An investigation report due in April will look at the handling of the Greek sovereign debt debacle.
The probe by the European Parliament on how the International Monetary Fund (IMF), the European Central Bank (ECB), and the European Commission (EC) monitored and helped to solve the euro debt crisis, which started in 2008, triggered by the US financial collapse.
“The Troika acts like a governor and visits it’s colonies in the south of Europe and tells them what to do. The measures that they come up with though are not always very effective,” Derk Jan Eppink, an MEP from Belgium who initiated the probe into the Troika, told RT.
The IMF has admitted it made mistakes in the handling of Greece’s first international bailout, but some EU lawmakers want more answers.
Findings are expected to be published in April 2014, a month before the next EU Parliamentary elections.
RT – Finance News and Media Sources