Oxford University Press's
Academic Insights for the Thinking World

  • Author: Skylar Brooks

Reforming the sovereign debt regime

Since the start of its debt crisis in 2010, Greek citizens have suffered through seven years of agonizing austerity to satisfy the conditions of multiple consecutive bailouts from their official sector creditors – the so-called ‘Troika’, composed of the European Commission, the European Central Bank, and the International Monetary Fund (IMF or Fund). And for what? What went wrong? There are many valid answers to this question.

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