According to the Neogramscian thought, the role of international institutions is to strength hegemonies by being sponsors of ideologies and being able to strengthen the creation of consensus, and to silence counter-hegemonic attempts as well. The International Monetary Fund, since its creation in 1944, has been helping to support hegemonic ideologies, undergoing transformations and adapting to the challenges that the global capitalist system imposes when accumulation crisis emerges. With the Greece s crisis, the IMF after years of criticism was asked jointly work with European Central Bank and European Commission, establishing what became known as Troika to assist in Greece s macroeconomic restructuring policies. However, the hypothesis being investigated is that instead of the Fund s actions in the Troika s policies presented as an opportunity for the institution to recover its international legitimacy, in fact the institution played a reduced role, being used as a space goat to strengthen the austerity discourse in the European Union for implementation of the conditionalities in the financial programs, that restricted the set of macroeconomic alternatives of Greece more in accordance with the European interests than the country itself.