Troika

Greece Accepts Third Bailout of €86 Billion Despite 61% Referendum Rejection Six Weeks Earlier

2015-08-19 00:00:00 +0000 UTC | Importance: 9/10

The European Stability Mechanism (ESM) board of governors approves a Memorandum of Understanding for Greece’s third bailout program worth up to €86 billion, specifying harsh reform policies Greece must fulfill despite Greek voters rejecting similar conditions by 61% to 39% in a referendum just …

Alexis Tsipras European Stability Mechanism International Monetary Fund European Central Bank European Commission +1 more shock-doctrine imf austerity greece troika +3 more

Greeks Vote 61% 'Oxi' (No) to Reject Troika Austerity in Historic Referendum

2015-07-05 00:00:00 +0000 UTC | Importance: 9/10

Greek citizens vote decisively 61% to 39% to reject a referendum on accepting more Troika bailout conditions in exchange for increased austerity measures, in the first referendum held in Greece since 1974 and the only one in modern Greek history not concerning the form of government. The …

Alexis Tsipras Yanis Varoufakis Syriza European Commission International Monetary Fund +1 more shock-doctrine imf austerity greece troika +3 more

Greece Accepts Second Troika Bailout of €130 Billion with 53.5% Private Debt Haircut

2012-03-09 00:00:00 +0000 UTC | Importance: 8/10

The Eurogroup endorses Greece’s Second Economic Adjustment Programme, providing €130 billion through the European Financial Stability Facility (EFSF) mechanism along with approximately €12 billion from the IMF, running until June 2015. The EFSF ultimately disburses €141.8 billion total. …

European Financial Stability Facility International Monetary Fund European Central Bank Greek private creditors shock-doctrine imf austerity greece troika +2 more

European Commission, ECB, and IMF Form 'Troika' and Impose First Greek Bailout with Harsh Austerity

2010-05-02 00:00:00 +0000 UTC | Importance: 9/10

The European Commission, European Central Bank (ECB), and International Monetary Fund form a tripartite committee known as the ‘Troika’ and agree on a three-year €110 billion financial aid package for Greece in exchange for severe austerity measures outlined in a Memorandum of …

European Commission European Central Bank International Monetary Fund George Papandreou Angela Merkel shock-doctrine imf austerity greece troika +3 more