Thursday, August 20, 2015

Greece: and if the “troika” gave way to a “quintet”? – The world

Le Monde | • Updated | By

The Greek prime minister, Alexis Tsipras, Athens, 12 August.

The” troika “of Greece’s creditors – the IMF internation (IMF), the European Central Bank (ECB) and the Commission in Brussels – so often criticized in Greece and part of the European left, Is set to change? The Greek prime minister, Alexis Tsipras, made a formal request, Wednesday, August 19, in a letter to Martin Schulz, President of the European Parliament.

He asks a “full involvement and direct “ of Parliament in time for ” fifth player “ of the Troika, which is already actually a” quartet “if we add the European Stability Mechanism (ESM, the The institution which should pay most of the € 86 billion recently validated the third aid package for Greece)

Read also:. The new Greek bailout validated by the Eurogroup

“Schulz met with Mr. Tsipras on the phone yesterday, and made him pass his letter then. The decision of the involvement of Parliament that will be discussed at the Conference of Presidents of political groups in Parliament in early September, “ carefully explains a spokesman for the President of the Parliament of Strasbourg, Thursday, August 20.

The request of Mr. Tsipras is however not displease Mr Schulz, a German Social Democrat, who since the beginning of the Greek crisis, has maintained close contact with the Prime Minister Greek and defending consistently broadening the role of the European Parliament. He was the instigator in particular the principle of “Spitzenkandidaten” (the favorites of European parties to chair the Commission) which led to nominate Luxembourg Jean-Claude Juncker as President of the European Commission – was the candidate of the European People’s Party (right) won the European elections of May 2014

M.. Schulz is far from alone on this line in Strasbourg. In March 2014 the European Parliament adopted by a large majority two investigation reports that the Troika concluded its lack of transparency, pointing its dysfunctions and demanded a change and democratic control of its decisions. In recent days, the leader of the Liberals in Parliament, the Belgian Guy Verhofstadt, has also revived the demand for a greater role for the European Chamber alongside the troika.

Now that the third plane aid of 86 billion euros was politically approved by the Eurogroup on 14 August and a first transfer of € 13 billion was made in Athens by the MES Thursday morning, the task of the troika will especially to monitor the effective implementation of reforms demanded by creditors of Athens. The first “review”, conducted mainly by technical teams from the European Commission, is expected to begin in October

Read also:. Greece has repaid the ECB … and after?

What could be, specifically, the role of the European Parliament in this instance? He will simply auditioning post officials Troika and / or Greek politicians? He hopes to integrate the teams of MEPs of the troika, so that they lead together the “Journals” periodical in Athens? “I have no idea what Mr. Tsipras led with his quintet. What I know is that involvement in the Troika requires significant technical skills, “ reports a source creditors side. Adding: “that MEPs can have a say does not raise enthusiasm among creditors”

In fact, when the European Commission had suggested. at the beginning of negotiations between the government and Tsipras Brussels in February, an evolution of the troika, the proposal was quickly rejected, including Berlin. Just creditors had they momentarily conceded in Athens that the troika is renamed “the Brussels group”, the ESM will take part, and that negotiations take place in Brussels and not in Athens.

However, political statements Juncker of July 2014 concerning the Troika are still relevant” a European source specified in World Thursday. At the time, in his inaugural speech, the current President of the Commission, was clearly in favor of an evolution of the troika. “In the future, we should be able to replace the troika by a legitimate democratic structure more accountable for its actions, based around the European institutions, with strengthened parliamentary oversight at both European and national level” he declared. A future debates autumn

Read also: All about the agreement reached between Greece and its creditors

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