#AceFinanceNews – (Reuters) – Greek police have banned protests in Athens when the Greek capital hosts a meeting of European Union finance ministers on Tuesday and Wednesday, citing security reasons.
Demonstrators will be banned from rallying or marching in the centre of the capital, including around parliament in Syntagma Square, the focus of often violent protests against austerity measures imposed under the country’s bailout plans.
Athens has implemented such bans several times in the past, including when German Finance Minister Wolfgang Schaeuble and German Chancellor Angela Merkel made high-profile visits to the Greek capital. Schaeuble is among ministers expected to attend the meetings this week.
#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
#AceFinanceNews Greek public sector workers shut schools and left hospitals at emergency staffing levels Wednesday, Reuters reported.
They are protesting against thousands of new job cuts demanded by Greece’s foreign lenders. Doctors, teachers and school guards joined the 24-hour strike and planned marches to parliament.
Labour unions fear the centre-right Greek government will impose even more wage and pension cuts to meet the targets of its 240 billion euro bailout deal with the EU and IMF.