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"Re-think the role of the troika" Portuguese president tells euronews

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"Re-think the role of the troika" Portuguese president tells euronews


The president of Portugal Cavaco Silva has called for changes in the role of the troika and how the reform programmes are managed in his country. He has told euronews the EU should take sole charge of the management of the financial crisis.

“I believe the time has arrived for us to think about the composition of the troika and to consider its role in the face of the reform programmes within the financial crisis. Maybe it would be better – and this is just an opinion that the full responsibility in the design, in the watching over the reform programmes should remain in the hands of the European Union. I say that because the objectives of the EU are totally different to those of the IMF,” he said.

In the full interview which can be seen on Friday night on euronews the president also talked about unemployment in the country which is currently running at 17.7 percent. He referred to it as “our biggest worry”.

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