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Cyprus News Agency: News in English, 14-01-11

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Mistakes of the past concerning the operation of the Troika should

    not be repeated, MEPs say


  • [01] Mistakes of the past concerning the operation of the Troika should not be repeated, MEPs say

    The mistakes of the past concerning the operation of the Troika (European Commission, ECB and the IMF) in formulating fiscal consolidation programs for member states should be avoided in the future, members of the European Parliament Economic and Monetary Affairs Committee (ECON) said here Friday.

    The ECON delegation is paying a visit to Cyprus, as part of a series of visits to Euro area member states that are implementing similar programs, and had earlier today meetings at the Cyprus House of Representatives, as well as with former Cypriot Ministers of Finance.

    After concluding visits in Portugal, Cyprus, Ireland and Greece, the delegation will prepare a report on the operation of the Troika. Speaking in the afternoon, during a press conference, at the EU House, in Nicosia, the members of the delegation asked for more transparency and democratic legitimacy in the decision making process and said the EP should be involved more in the future, noting the necessity for Treaty change.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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