This report examines the roles of the International Monetary Fund (IMF) and the European Central Bank (ECB) in addressing the Greek financial crisis. It details the ECB's actions in providing liquidity to Greek banks through Emergency Liquidity Assistance (ELA), managing interest rates, and promoting market transparency. The report also covers the IMF's contributions, including technical assistance, financial credit, and participation in the Troika program alongside the EU. The analysis highlights the ECB's crucial role in preventing systemic failures within the Greek financial system and the IMF's influence in designing and monitoring economic adjustment programs. The conclusion emphasizes the collaborative efforts of the IMF and ECB, and their significant impact on mitigating the crisis and shaping Greece's economic recovery.
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