Troika (EU, ECB, IMF)

Troika refers to the joint effort of three institutions: the European Union (EU), the European Central Bank (ECB), and the International Monetary Fund (IMF). They work together, particularly during financial crises in European countries, to provide financial assistance, ensure economic stability, and implement reforms. The Troika assesses the economic situation, offers loans with specific conditions, and monitors progress to help countries recover and maintain financial stability. Their collaboration aims to prevent wider economic crises while promoting fiscal discipline and structural reforms in affected nations.