Court Aide Opinion May Ban ECB in Troika, Juncker Says
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The formation of the troika that oversaw the bailouts of euro-area countries including Greece and Ireland may have to change in light of a court aide’s opinion on the European Central Bank’s bond-buying plan, European Commission President Jean-Claude Juncker said.
Advocate General Pedro Cruz Villalon, of the EU Court of Justice in Luxembourg, “appears to want to prohibit the European Central Bank from remaining a member of the troika,” Juncker told an audience in Paris on Jan. 16.