Olli Rehn: Troika is necessary for the eurozone problems
Olli Rehn: Troika is necessary for the eurozone problems
"We need the combined knowledge of everyone," Monetary Affairs Commissioner says
The European Commission is rushing to defend the Troika via Olli Rehn, thus refuting the calls for its breaking up.
"Troika is essential in managing the problems of the eurozone," the Monetary Affairs Commissioner told Reuters.
He added that the expertise of the Troika members remains important for the EU response to the debt crisis that is plaguing the continent.
"None of these situations is easy," he said, referring to the bailout programs implemented in Greece, Portugal, Ireland and Cyprus and supervised by Troika.
"But this makes even more important the fact that we must be able to utilize the combined and complementary expertise of the three institutions," he added.
Earlier this week, European Commissioner for Justice Viviane Reding called for the breaking up of Troika, claiming that it has run its course and that Europe does not need the IMF to solve its problems.
"Troika is essential in managing the problems of the eurozone," the Monetary Affairs Commissioner told Reuters.
He added that the expertise of the Troika members remains important for the EU response to the debt crisis that is plaguing the continent.
"None of these situations is easy," he said, referring to the bailout programs implemented in Greece, Portugal, Ireland and Cyprus and supervised by Troika.
"But this makes even more important the fact that we must be able to utilize the combined and complementary expertise of the three institutions," he added.
Earlier this week, European Commissioner for Justice Viviane Reding called for the breaking up of Troika, claiming that it has run its course and that Europe does not need the IMF to solve its problems.
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