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Portugal · Economy & Business · Normal
Portugal experienced a severe economic crisis from 2010 to 2014, requiring a financial bailout from which three institutions?
Answer: The European Commission, European Central Bank, and IMF (the Troika) — In 2011, Portugal received a €78 billion bailout from the Troika (EU, ECB, IMF) in exchange for austerity measures. The country exited the programme in 2014.
- A The World Bank, ECB, and UN
- B The EIB, IMF, and OECD
- C The European Commission, European Central Bank, and IMF (the Troika) ✓
- D The EBRD, ECB, and WTO
In 2011, Portugal received a €78 billion bailout from the Troika (EU, ECB, IMF) in exchange for austerity measures. The country exited the programme in 2014.