About: Troika

Euro & Finance 06-01-2017

Embattled Bank of Cyprus pays off bailout loan

Bank of Cyprus, the Mediterranean island's largest lender and one of the largest casualties of the financial crisis, yesterday (5 December) announced it had paid back in full the €11.4 billion in Emergency Liquidity Assistance it received in an international bailout.

Climate change 17-10-2016

Greek WWF chief: Debt solution should be linked to ‘greener’ economy

Europe should explore creative ways to provide relief to indebted countries like Greece, if they pursue green investments and accelerate the switch to a sustainable economy, WWF’s Demetres Karavellas told EURACTIV.com.

Euro & Finance 28-09-2016

Greece passes electricity market reform, sets sovereign wealth fund

Greek lawmakers yesterday (27 September) passed reforms sought by the country's creditors to cut pension spending and expedite privatisations in exchange for financial aid under the country's latest international bailout.

21-09-2016

Austerity-hit citizens allowed to sue troika, ECJ rules

The European Court of Justice has ruled that EU citizens can now sue the troika if they believe their fundamental rights have been violated by austerity. EURACTIV Germany reports.

Euro & Finance 29-07-2016

Commission and IMF clash over influence of politics over bailout programmes

The European Commission has said that stabilising the eurozone was "eminently a political issue" after an independent probe into the IMF's handing of sovereign bailouts found it was vulnerable to pressure from governments.

Euro & Finance 28-04-2016

The Greek crisis: European madness

Last week, Greece had to deal with new austerity measures and a Eurostat study invalidated the IMF’s doomsday scenario. A number of MEPs now call upon European leaders to rethink the issue of debt and review the reforms being imposed on Greece.

Health 19-04-2016

Doctors launch awareness campaign on ‘apocalyptic’ Greek healthcare

With the launch of the Emergency Greece campaign, a group of doctors has decried the medical situation in the country as "apocalyptic", blaming the Troika’s crippling austerity measures. EURACTIV France reports.

Euro & Finance 13-04-2016

Greece says ‘close’ to deal with creditors

Greece said late on Tuesday that (12 April) it was "very close" to clinching a deal with its international creditors, despite a suspension of a tough round of talks on the country's latest reforms.

Energy 12-04-2016

Greek energy industry: Syriza plays favourites in excise tax vote

Under the nose of the Troika, the Greek government passed an amendment exempting from an excise tax natural gas used by industries as raw material, favoring a single industrial sector.

Euro & Finance 24-02-2016

Aidan Regan: ‘The Troika had nothing to do with the Irish recovery’

The Irish recovery was the result of the country’s attractive business environment, not the demands of the Troika, Aidan Regan explains. Our partner La Tribune reports.

EU Priorities 2020 06-01-2016

Parliament’s involvement in EU bailout programmes ‘delayed’

Negotiations for the European Parliament’s participation in the evaluation of EU countries under an adjustment programme are “delayed”, but progress is being made, a source close to President Martin Schulz has told EURACTIV.

Euro & Finance 02-10-2015

Portugal: Sunday’s elections will be no earthquake

Portugal is holding a general election this Sunday. The polls point to a victory for the right, but political disillusion could lead to record levels of abstention. La Tribune reports.

Euro & Finance 25-09-2015

Schulz seeks Parliament role in Greek bailout evaluation

Martin Schulz is exploring ways to include the European Parliament in assessing the Greek bailout, a source close to the president told EURACTIV Greece.

Euro & Finance 25-08-2015

Die Linke attacks EU institutions

After Sahra Wagenknecht attacked the EU and the euro, Die Linke leader Bernd Riexinger warned that institutions like the ECB have more power than elected governments. EURACTIV Germany reports.

Elections 20-08-2015

Dutch vote gives final go-ahead to Greek bailout

The Netherlands was the last eurozone state to endorse a third bailout for Greece Wednesday (19 August), as both the cabinet and parliament approved the package after a bruising debate. This means that Athens can receive the first installment as early as today.

Euro & Finance 05-08-2015

Are Paris and Berlin really divided over Greece?

In an interview with Handelsblatt, Michel Sapin said Wolfgang Schäuble was “wrong” about Grexit, but the French-German relationship goes from strength to strength. La Tribune reports.

Economy & Jobs 28-07-2015

Varoufakis’ allegations ‘false and unfounded’, says Commission

"On what Mr Varoufakis has been saying, the allegations that the troika was controlling the secretariat general of public revenues are false and unfounded," European Commission spokeswoman Mina Andreeva told a news briefing, referring to the "troika" of Greece's creditors the Commission, European Central Bank and International Monetary Fund.

Euro & Finance 07-07-2015

Grexit? The endgame

Should they stay or should they go? On Sunday (5 July), Greece held a referendum on the terms of a bailout package put forward by the European Commission, the European Central Bank and the Internatonal Monetary Fund (IMF). EURACTIV reports, in real time.

Euro & Finance 07-07-2015

The ECB must fulfil its role as a ‘lender of last resort’ in Greece

Cutting the ECB's lifeline to Greek banks would push the country out of the eurozone and recklessly endanger the reputation of the ECB and the euro itself, argues Matthias Kroll.

Economy & Jobs 02-07-2015

No further talks with Greece before referendum, Dijsselboem says

“The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at midnight,” Eurogroup President Jeroen Dijsselboem said on Wednesday after eurozone finance ministers held a conference call to discuss the Greek crisis.

Euro & Finance 26-06-2015

Stathakis: ‘We have made more reforms in five months than previous governments did in five years’

Giorgos Stathakis, Greece's Minister of Economy, Infrastructure, Shipping and Tourism, spoke to La Tribune about his country's negotiations with its creditors.

Economy & Jobs 25-06-2015

Merkel says ‘not enough progress’ on Greece

Speaking about Greece on her arrival at the June EU Council Summit, German Chancellor Angela Merkel said that “there hasn't been enough progress, and to some extent one can have the impression that we are moving backwards”.

Economy & Jobs 25-06-2015

Tsipras ‘confident’ of reaching agreement on Greek bailout deal

“After the comprehensive Greek proposals, I am confident that we will reach a compromise that will help the eurozone and Greece to overcome the crisis,” said Greek Prime Minister Alexis Tsipras upon his arrival to the EU Council Summit on Thursday.

Economy & Jobs 23-06-2015

Eurozone leaders hopeful of Greek deal

On Monday, Eurozone leaders welcomed new Greek budget proposals and called them a 'positive step forward' towards finding an agreement with Athens that would unlock frozen aid and stop Greece from defaulting.