Trichet calls on Troika to ‘gradually disappear’

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Former European Central Bank (ECB) president Jean-Claude Trichet today said the Troika of the ECB, the European Commission and the International Monetary Fund should "gradually disappear" as policy-makers move toward preventing, rather than curing, crises.

The European Parliament's Committee on Economic and Monetary Affairs today submitted Trichet, who led the ECB between 2003 and 2011, to a grilling on his role in the Troika and its negotiations with eurozone member states.

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