Vice-President Olli Rehn appeared yesterday before the ECON Committee and defended the role of the Troika. However, the Committee was not satisfied with Rehn’s answers to some questions, particularly on accountability, apportioning of responsibility and the reasons for repeated overly optimistic forecasts.

As Vice-President Rehn stated: “The Troika came into being under extreme political and time pressure to avert an immediate default by Greece on its obligations ― which by the way include th...

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