EU troika

organ with possible joint informal control over national policies, made by the European Commission, the European Central Bank and the International Monetary Fund

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About EU troika

The Troika is a term used to refer to the single decision group created by three entities, the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF). It was formed due to the European debt crisis as an ad hoc authority with a mandate to manage the bailouts of Cyprus, Greece, Ireland and Portugal, in the aftermath of their prospective insolvency caused by the 2008 financial crisis.

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Inception: 2010

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