Markets react to rumours of ECB withdrawal from Troika arrangement
3 February 2015, 10:01
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Markets have moved this morning on as yet unsubstantiated rumours that the European Central Bank is considering withdrawing from the Troika – the body of the ECB, EU and IMF monitoring Greece’s adherence to its austerity programme.
Reported by German newspaper Handelsblatt, the European Central Bank is considering withdrawal from the arrangement, which the newspaper says is because of a conflict of interest.
Newly installed Greek prime minister Alex Tsipra has said that he will no longer cooperate with the troika, and his opposition to the arrangement formed a mainstay of his electoral stance.
Reported by German newspaper Handelsblatt, the European Central Bank is considering withdrawal from the arrangement, which the newspaper says is because of a conflict of interest.
Newly installed Greek prime minister Alex Tsipra has said that he will no longer cooperate with the troika, and his opposition to the arrangement formed a mainstay of his electoral stance.
