The crisis forced Greece, Ireland, Portugal and Cyprus to accept international bailout programmes monitored by an authority that came to be known as the Troika. It was named the Troika because it was composed of representatives from three organisations: the European Commission, European Central Bank and the International Monetary Fund. Check out our two infographics for an overview of the three organisations and a timeline of the bailouts.
The first infographic gives an overview of the three institutions involved. The second infographic, which features a timeline, combines events with economic data to show how the bailout countries have been coping, from the first interventions to just before Greece and Portugal's recent return to the markets.
In March 2014 MEPs approved two own-initiative results on the Parliament’s inquiry into the Troika. The report concentrating on the economic issues acknowledges the results the Troika achieved, but also underlines the lack of political accountability of its decisions. The second report focuses on the social impact of the bailout measures.
For more details, click on the link for our top story on the right.