According to an article published by Reuters, Brussels is examining the possibility of scrapping the troika, in order to offer the coalition government greater flexibility in establishing and implementing reforms that will support growth and the economy.

While discussions for such a possibility are still in early stages, it has been suggested that the EU-IMF-ECB troika would be replaced by a European Commission task force that would carry out biannual, rather than quarterly, reviews. This plan however depends on Greece not requiring any further financial assistance.

Reuters argues that the switch would “sooth public frustration” over the profound austerity, harsh reforms and unfair measures. This will also help government partners New Democracy and PASOK regain some of their electoral support. The article cites an unnamed government official who argues that “there must be Greek ownership of reform”.