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January 23, 2015

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WSJ: Samaras warned to expect little from the troika

The Prime Minister Antonis Samaras had been warned in the second quarter of 2014 not to expect much clemency from the International Monetary Fund (IMF). the European Union and the ECB (otherwise known as the Troika), notes an article in the Wall Street Journal which was published on Thursday.

It claims that German Chancellor Angela Merkel briefed Samaras when she visited the Greek capital ahead of the European elections. During her visit in Athens, the Greek Prime Minister requested help with the debt,

The article states that Merkel asked an interpreter to translate “debt relief", and then told Samaras that “it doesn’t sound as good in German”.

The retort was interpreted as an early sign that Greece should expect little clemency from the German-led troika.


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