Are Europe's Ruling Troika Going Soft With Italy, Spain and Portugal On Fiscal Demands?Mark Melin
Are the ruling European banking elite, once known as the Troika, going soft? Or is the threat of countries leaving the group and upcoming elections influencing their recent actions?
A May 23 Capital Economics piece notes that the European Commission (EC) is growing soft on fiscal demands with Italy, Spain and Portugal. This all is occurring with Greek debt discussions approaching and the International Monetary Fund (IMF) reported pushing the European banking elite to create lasting solutions rather than papering over the problem and kicking the can.
European Union rules being violated to ease fiscal constraints on troubled nations, but . . .
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