3 Feb 2015
FXStreet: Unsubstantiated rumours of ECB Troika exit plans – Tip Tv
FXStreet (Barcelona) - In today’s video, FXStreet’s Craig Drake and the Tip Tv Team discuss about the ongoing rumours that ECB is contemplating to leave troika.
Key Quotes
“There were some rumours circulating this morning via German newspaper Handelsblatt that the European Central Bank was considering leaving the Troika arrangement of the ECB, IMF and European Commission overseeing the adherence of Greece to its austerity promises.”
“The newspaper names no sources and also cites an unnamed source as saying that the IMF was also considering leving the arrangement.”
“Such rumours should be taken with a large pinch of salt - it is highly unlikely that Germany would allow Greece the freedom to do what it wanted and return to its big spending ways with little oversight while still in hock to the ECB and to German taxpayers, as much as that would appeal Alex Tsipras and others in his party.”
Key Quotes
“There were some rumours circulating this morning via German newspaper Handelsblatt that the European Central Bank was considering leaving the Troika arrangement of the ECB, IMF and European Commission overseeing the adherence of Greece to its austerity promises.”
“The newspaper names no sources and also cites an unnamed source as saying that the IMF was also considering leving the arrangement.”
“Such rumours should be taken with a large pinch of salt - it is highly unlikely that Germany would allow Greece the freedom to do what it wanted and return to its big spending ways with little oversight while still in hock to the ECB and to German taxpayers, as much as that would appeal Alex Tsipras and others in his party.”