About: Troika

Economy & Jobs 08-07-2020

EU to face difficulties without a deal on recovery plan, Budget Commissioner warns

If EU leaders fail to reach an agreement on a pandemic recovery package next week, “we will enter into difficulties,” the EU Commissioner for Budget, Johannes Hahn, warned during an event in Brussels on Tuesday (7 July).
Economic governance 03-06-2020

Commission vows to break with troika-type conditions in recovery phase

It is increasingly evident that the European Commission has no intention to return to the tight cash-for-reform system to manage the recovery funds and that ‘hawkish’ member states could find it difficult to turn the proposed procedure into a troika-type oversight.
Economy & Jobs 21-06-2018

Eurozone ministers seek end to Greece bailout odyssey

Eurozone ministers will on Thursday (21 June) try to resolve their differences over the terms of Greece's departure from its massive bailout programme with splits over the degree of debt relief needed by cash-strapped Athens.
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.
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.
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.
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.
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.

Greece considers selling ports to reach deal with creditors

Greece's government is considering selling stakes in its two largest ports as a concession to reach an agreement with its lenders and unlock bailout funds, a government official said yesterday (29 April).
Euro & Finance 10-03-2015

Eurogroup getting impatient with Greece

Warning Greece it had "no time to lose", eurozone ministers agreed to technical talks between finance experts from Athens and its international creditors would start on Wednesday (11 March) with the aim of unlocking further funding.

Europe risks right-wing backlash, Greece’s Varoufakis tells Charlie Hebdo

Racists and nationalists will be the only ones to benefit if European leaders "shoot down" Greece's new anti-austerity government, Greek Finance Minister Yanis Varoufakis has told Charlie Hebdo.
Euro & Finance 19-02-2015

Greece, Eurozone seen reaching last-minute deal

Greece's leftist-led government said it will ask the eurozone on Thursday (19 February) to extend a "loan agreement" for up to six months, raising prospects of a last-minute deal to keep the heavily indebted country afloat.
Euro & Finance 17-02-2015

Greece rejects bailout and seeks credit

Talks between Greece and eurozone finance ministers over the country's debt crisis broke down on Monday (16 February) when Athens rejected a proposal to request a six-month extension of its international bailout package as "unacceptable".
Euro & Finance 13-02-2015

Tsipras declares death of Troika, agrees to further talks

Greek Prime Minister Alexis Tsipras repeatedly said during an EU summit on Thursday (12 February) that the "Troika is over." But he also agreed to a resumption of crisis talks with the three creditor institutions in the coming days, initiating what appears like a climb down.
Jeoren Dijsselbloem et Yanis Varoufakis à Bruxelles le 11 février. [European Council]

Greek debt talks fail, next meeting on Monday

Greece's new leftist government and its international creditors failed to agree on a way forward for the country's unpopular bailout programme, and will try again on 16 February, with time running out for a financing deal.
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