TROIKA might return to Greece

TROIKA is comprised of International Monetary Fund (IMF), European Central Bank (ECB) and European Commission (EC). The officials from the above institutions are in charge to monitor and review the progress of countries under bailout assistance.

• Greece's new government, after coming to power rejected the role of TROIKA along with blockades over many of the reforms.
• This prevented Greece from availing the remaining bailout tranche of € 7.2 billion.
• However recent stance and talks suggest that TROIKA might actually return to Greece for review but under new brand name institutions.
• Greek government has suggested the review to take place in Brussels but it seems that they will be returning to Athens instead.
• Recent letter by the chairman of Euro group finance ministers Mr. Dijsselbloem to Greek finance minister suggests that the process of review will be resuming shortly.
• Yesterday's meeting concluded, to push the talks to more specific and technical levels over the reform outline suggested by Greece before bailout was extended for another four months.

A successful completion of the review will boost confidence over the Greek situation and might help Greek bonds and stock markets to recover the grounds lost.