which nation helped most to bail out greeces failing economy
Greek government-debt crisis Initially, European banks had the largest holdings of Greek debt. However, this shifted as the "troika" (ECB, IMF and a European government-sponsored fund) purchased Greek bonds. As of early 2015, the largest individual contributors to the fund were Germany, France and Italy with roughly €130bn total of the €323bn debt.[168] The IMF was owed €32bn and the ECB €20bn. As of 2015, various European countries still had a substantial amount of loans extended to Greece.[169]
Truman Doctrine Truman told Congress that "it must be the policy of the United States to support free people who are resisting attempted subjugation by armed minorities or by outside pressures."[2] Truman claimed that because totalitarian regimes coerced free peoples, they automatically represented a threat to international peace and the national security of the United States. Truman made the plea in the midst of the Greek Civil War (1946â€“49). He argued that if Greece and Turkey did not receive the aid, they would inevitably fall to communism with grave consequences throughout the region. Because Turkey and Greece were historic rivals, it was considered necessary to help both equally even though the crisis in Greece was far more intense.