Troika Agreement

With the ratification of the Lisbon Treaty in 2009, the post of Secretary General of the Council was separated from the post of High Representative for the CFSP, who then assumed responsibility for the European Commissioner for External Relations. Since there are only two of the troika`s initial positions, the definition of a triumviat is no longer respected. Statistics on public debt and the size of the public deficit have been established to justify the resulting austerity measures, the intervention of the troika and the signing of the first Memorandum of Understanding (see Chapter II of the report, p. 17 www.cadtm.org/IMG/pdf/Report.pdf). On 9 June 2018, the Greek Supreme Court upheld the two-year suspended prison sentence of Andreas Georgiou, head of the Greek statistical authority ELSTAT from August 2010 to August 2015, to two years` suspended imprisonment for failing to comply with his duties as president of ELSTAT. [12] We can also read in Le Monde: “This former member of the International Monetary Fund was suspected of having reached an official agreement with Eurostat (the European Statistical Authority under the Commission) to increase Greece`s deficit and debt for 2009. The aim was to facilitate the country`s financial supervision, with the establishment of the first international aid plan for Greece in 2010 (…) ». [13] 52 It is possible that the specifics of the Spanish bailout in 2012 are at least partially related to this disagreement. Spain had refused to seek international assistance after following the requirements imposed on Greece, Portugal and Ireland. At the request of the EU, Spanish Prime Minister Mariano Rajoy accepted only what he described as a “line of credit”, a bank bailout and not a state bailout. Rajoy stressed that unlike the bailouts of Greece, Portugal and Ireland, Spain`s bailout of banks had no “conditionality.” While banks receiving financing imposed certain conditions, Spain itself did not have new external economic rules and did not have to accept further cuts to the state budget as a result of the austerity measures previously put in place (Minder et al., 2012).

We commend the Government of South Sudan for its role in mediating peace negotiations and pay tribute to the valuable support provided by the United Nations and regional and bilateral partners in making the peace agreement possible.