Greece bailout ends but with no substantial effect on citizens’ life

It was yesterday when the Prime Minister Alexis Tsipras stated from the Greek island of Ithaca that the austerity measures are over cheering for the Greek bailout programme exit. Mario Centeno, the chairman of the ESM’s board of governors, had said last Monday that Greece is once more a nation which doesn’t need any additional […]

EFSF/ESM boss tells half truths about Troika’s doings

Yesterday, Klaus Regling, the Chief Executive Officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism, went to the European Parliament and was questioned by MEPs, about the anti-crisis role and operations of the ‘Troika’, a construction made up by the EU Commission, the European Central Bank and the International […]

The European Parliament x-rays the troika’s doings

The European Parliament launched an investigation on the functioning and the legitimisation of the troika, made up by the European Commission, the European Central Bank and the International Monetary Fund. The three institutions between them undertook to bail out, guide and audit the economies of four Eurozone member states which reached a point of no […]