ECB Plans To Quit Troika

 

The European Central Bank is considering to withdraw from the group reviewing the bailout programme of Greece, German daily Handelsblatt reported on Tuesday.

The International Monetary Fund also prefers to leave the troika, the report said. If both ECB and IMF leave the group, then the European Commission will be the sole member in troika.

The Syriza party came to power in Greece under the leadership of Alexis Tsipras, promising a roll back of austerity measures. He said the government will not cooperate with troika members in Athens.

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