Are Europe's Ruling Troika Going Soft With Italy, Spain and Portugal On Fiscal Demands?

Mark Melin

Published onMay 24, 2016

Updated on May 13, 2021

Are the ruling European banking elite, once known as the Troika, going soft? Or is the threat of countries leaving the group and upcoming elections influencing their recent actions?

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A May 23 Capital Economics piece notes that the European Commission (EC) is growing soft on fiscal demands with Italy, Spain and Portugal. This all is occurring with Greek debt discussions approaching and the International Monetary Fund (IMF) reported pushing the European banking elite to create lasting solutions rather than papering over the problem and kicking the can.

European Union rules being violated to ease fiscal constraints on troubled nations, but an easing of the Troika choke hold is apparent in...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Are Europe's Ruling Troika Going Soft With Italy, Spain and Portugal On Fiscal Demands?

European Union rules being violated to ease fiscal constraints on troubled nations, but an easing of the Troika choke hold is apparent in... Login required to continue reading.Setup a free account to get access to this article (no credit card required).View Full ArticleAlready a member? Log in here

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