ABSTRACT
This chapter provides an overview of the Troika's role in the Greek economic crisis, delineating the ways through which it intervened in the political, economic and employment spheres of the Greek nation. It argues that the implementation of Memoranda brought about a tectonic change in the Greek employment and social security systems with dramatic consequences for the working and middle classes. The ideological and political backbone of Memoranda, centred on the reduction of labour costs and social protection expenditure, was underpinned by the strategic interests of large capital in Greece. The functions of planning, monitoring and evaluation of the respective bailout programmes were the Troika's basic means of pressure upon Greek government. The penetration of the Troika into the Greek state bureaucracy, particularly into the bureaucracy of the relevant Greek ministries included the establishment of Troika functionaries inside the ministries and the development of formal and informal relations with Greek bureaucrats.
