The European Troika is a group of three organizations that work together on important projects. They are the European Commission, European Central Bank, and International Monetary Fund. These three organizations are like the three legs of a chair, and they all come together to help Europe in different ways.
The European Commission helps to set the rules and regulations that all European countries have to follow. They also create laws that all European countries must obey.
The European Central Bank (ECB) is like the bank for all of Europe. It helps to make sure that the money in Europe is safe and secure and it also helps all of the different countries in Europe to communicate, share, and work together.
Finally, the International Monetary Fund (IMF) helps to ensure that all the countries have the correct amount of money so the countries can have a strong economy. They also help with problems like budgeting and debt.
These three organizations all work together to help Europe do things like make sure the money is safe, create rules, and help countries with economic or financial problems.