The Jamaica Accords that ended the Bretton Woods system also modified the function of this organization. For 10 points each:
[10h] Name this organization which, along with the European Commission and the European Central Bank, made up the “Troika” group.
ANSWER: International Monetary Fund [or IMF]
[10e] This country’s 2010s financial crisis saw it receive three bailouts from the so-called Troika, leading to violent protests in its capital, Athens.
ANSWER: Greece [or Elláda or the Hellenic Republic]
[10m] The bailouts were widely unpopular in Greece for being conditional on the introduction of this policy, intended to cut the country’s debt to GDP ratio. This general policy involves tax rises and cuts to public services.
ANSWER: austerity [accept contractionary fiscal policy or fiscal consolidation; prompt on budget cuts; prompt on spending cuts]
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