Trainspotting Cyprus: bailout shows troika to be hapless incompetents


Fintan OTolle, literary editor of The Irish Times sets forth some critical but brutally honest clear points on the preeminence of the Troika over European countries (specially those in need of financial assistance) focused on the lack of accountability and oversight and what is currently one of the most powerful bodies in the modern world.- The fact that this supranational-unaccountable corporation is setting the standard and conditions for assisting troubled economies doesnt leave much room for improvement, specially in lieu of the ever worsening situations on the periphery.

It is important to grasp that the stupidity of the proposal to raid guaranteed deposits is not an aberration. It is an inevitability. Why? Because unaccountable institutions with too much power always make bad decisions

Full article here.-


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