Schauble's quip: Program will be implemented by Troika, which we obviously can't call Troika any more

“The Greek program must be completed”, insists the German FinMin

German FinMin Wolfgang Schauble generated his own “tongue-in-cheek” moment on Wednesday, telling reporters that the “(EC-ECB-IMF) Troika will continue implementing the Greek program, which obviously we won’t be able to call Troika anymore.”

The quip emanates from the new Greek government’s refusal to cooperate with a team of inspectors assigned by its international lenders to monitor the previous bailout plans.

The powerful German minister also said the program should be completed, while asked about the pending Eurogroup meeting on Wednesday evening, he said:

“It all depends on Mr. (Yanis) Varoufakis and what he brings to the table.”