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Despite Positive Spin, Is Greece Still Under Troika's Thumb?


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Despite Positive Spin, Is Greece Still Under Troika's Thumb?

Lauren McCauley, staff writer

While Greece's left-leaning new government attempted to put a positive spin on Monday's continued talks with European finance ministers, conflicting reports indicate that Syriza's plan to distance the country from its austerity-imposing creditors, the so-called Troika, may be dashed for now.

Following a meeting of the Eurogroup council, Eurogroup president Jeroen Dijsselbloem told reporters that—despite pledges made by Syriza—Greece has committed not to take any unilateral actions, and would also not roll back any austerity reforms that had previously been adopted.