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Troika policies have scandalous effects, claims GUE/NGL Group

March 13, 2014 - Financial & Competition

Jennifer Baker is joined by David Lundy, press officer for the GUE/NGL Group, to discuss the report which evaluates the work of the Troika.

Parliament will vote on the report on the role and operations of the Troika (which includes the European Commission, International Monetary Fund and European Central Bank) in plenary session on Thursday 13 March. Lundy argues that the Troika is dictating a lot of economic policies in 4 eurozone countries: Greece, Ireland, Portugal and Cyprus. “Youth unemployment in Greece reaches 59 percent, which is absolutely scandalous result of Troika policies”, claims Lundy. According to the press officer for the GUE/NGL Group, the Economic and Monetary Affairs Committee’s (ECON) inquiry into the role of the Troika does not go far enough in highlighting disastrous effects of Troika work.

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