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Troika on the verge of ending with tensions between Brussels and the IMF!!!
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The tensions that have gone public between Brussels and the IMF may spell the end of the 'troika', reported today the Spanish newspaper El Pais
In the newspaper headline reads "The 'troika' is in crisis due to tensions between Brussels and the IMF," the newspaper quoting various sources Community for whom the team of European Commission (EC), International Monetary Fund (IMF) and European Central Bank (ECB) has its days numbered.
According to "sources close to the IMF," Europe "remains in state of denial with Greece", which needs a new debt restructuring, and also "with Portugal and Ireland," it will need another type of support and "something more in the Portuguese case. "As for Cyprus, says the same source, is the "path of disaster."
"Death to the troika", summarizes the hard way a senior official in Brussels, who says this will be the result of mistakes in bailouts to countries of the European periphery, particularly in Greece and Cyprus and to a lesser extent in Portugal and Ireland.
For these reasons, says El País, the marriage between Brussels and the IMF is on the verge of divorce, perhaps because it started badly. In 2010, the newspaper explained, with Greece in serious trouble, the European Commission presented to the Member States a draft of a European Monetary Fund to manage redemptions, but Germany denied immediately. Berlin did not trust the EC due to his inexperience in ransoms and feared the risks of politicization.... [link to economico.sapo.pt]
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