Europe’s Troika Should Grow Up
In early 2010, the IMF, the ECB, and the European Commission formed the "troika" to coordinate financial assistance to distressed eurozone members. Three years later, the results are mixed at best.
https://prosyn.org/C9P5FPL
PARIS – In early 2010, a group of men (and a few women) in dark suits landed in Athens. They belonged to a global institution, the International Monetary Fund, and to a pair of regional ones, the European Commission and the European Central Bank. Their mission was to negotiate the terms and conditions of a financial bailout of Greece. A few months later, what became known as the “troika” was dispatched to Ireland, then to Portugal, and later to Cyprus.