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“Troika should be replaced by European Monetary Fund”, S&D Group argues

March 6, 2014 - Financial & Competition

Jennifer Baker is joined by Solange Helin-Villes, spokesperson for the S&D Group, to discuss the report on the role and operations of the Troika.

The Economic and Monetary Affairs Committee (ECON) last week presented the conclusions of the investigation evaluating the role and operations of the Troika (European Commission, International Monetary Fund and European Central Bank), which revealed that Troika has failed to fulfil its mission.”Troika’s methods are not compatible with the democratic standards, Troika is not accountable and has no legitimacy. Therefore the Troika should be replaced by a European Monetary Fund“, claims Solange Helin-Villes.

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