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article imageMEP's call Greek Troika locusts, plan alternative Troika

By Katerina Nikolas     Feb 16, 2012 in World
Members of the PES in the European Parliament have likened the Troika, responsible for implementing austerity measures in Greece, to locusts. They have suggested a shadow alternate Troika to offer more constructive proposals to aid Greece.
A group of socialist Member's of the European Parliament (MEP's) have likened the current Troika composed of representatives of the IMF, EU and ECB, who are responsible for ensuring Greek compliance with austerity and reforms, to locusts. Now the Party of European Socialists (PES) has rejected austerity measures and planned an alternate shadow Troika that will propose other solutions to help struggling Greece.
The PES is the second largest group in the European Parliament. PES leader, Austrian MEP Hannes Swoboda, announced the plan for a shadow Troika, saying "We have seen what locusts like hedge funds can do in the economic world. We cannot allow another swarm of locusts such as the Troika … to descend on the country and impose their ideas. This would amount to a dictatorship and not co-operation with a country which is part of the European Union." (Euractiv)
Novinite reported Swoboda went on to say "The situation in Greece remains fragile and while it is positive that the Greek parliament has accepted the package from the Troika, we as Socialists and Democrats still do not agree with the measures it contains. Instead of only offering harsh austerity measures to the people, we need to work on an alternative way out of the crisis based on measures to foster growth and employment."
The shadow Troika will comprise Robert Goebbels of Luxembourg, Ivailo Kalfin of Bulgaria and Elisa Ferreira of Portugal.
The socialists were not alone in their concerns regarding the crippling austerity measures. MEP's from the Liberal and Greens suggested something akin to a Marshall plan for Greece, with proposals that will foster growth and jobs.
The suggestion of a shadow Troika comes just days after the Greek police federation said they would issue arrest warrants for existing Troika representatives entering Greece.
More about Shadow Troika, greek austerity, MEP's
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