Re: Accountability of Troikas
Good move there by Nessa Childers. In fact, I noticed recently that the Troika which includes the ECB I think bumped into something of a barrier in Greece or at least their agents in the current 'agency' government did.
The European Social Charter I believe has minimum standards to adhere to which prevents signatory countries imposing austerity to a certain degree. This leaves the possibility of legal challenge to the worst of austerity measures and a determination that some demands may prove illegal.
Childers is right also in pointing out that the ECB as a member of the Troika appears to be following an ideology not agreed or under the supervision of the European Parliament.
The ECB in public statements over the last few years has been forgetting or ignoring the fact that it is an EU institution and blissfully unaware that it should be subject to European regulation and oversight.
Perhaps the EU Parliament are beginning to wake up and smell the privatised coffee operating in their midst and interestingly enough engaging in political discussion at member government level without much recourse to Parliament.
A decent angle to open up, politically. It will be interesting to see how many members of the European Parliament are awake to the fact that the ECB seems to be acting under 'leadership without authority' and wandering very far from its remit.
Think National. Act Local. Oh- and superstition is just the dark matter of human history.