Posts Tagged ‘European Commission’

Note: The term Troika, which comes from the Russian meaning ‘group of three’, was increasingly used during the eurozone crisis to describe the European Commission, International Monetary Fund and European Central Bank, who formed a group of international lenders that laid down stringent austerity measures when they provided bailouts, or promises of bailouts  for indebted peripheral European states – such as Ireland, Portugal and Greece – in the financial crisis.