Troika Memorandum

The Troika Memorandum refers to agreements made between Greece and the so-called "Troika," which consists of the European Commission, the European Central Bank, and the International Monetary Fund. During Greece's financial crisis, these organizations provided financial aid in exchange for the country implementing strict economic reforms. The memorandum outlines the conditions, including austerity measures, tax increases, and cuts to public spending, aimed at stabilizing Greece’s economy and ensuring it can repay its debts. It played a significant role in shaping Greece's economic policies during the crisis years.