Eurocrisis
Sovereign debt contagion
The Eurocrisis was a period of financial turmoil beginning around 2009 when several European Union countries—particularly Greece, Ireland, Portugal, Spain, and Italy—faced sovereign debt crises that threatened the stability of the eurozone.
The term captures fears that debt defaults could unravel the shared currency: The Eurocrisis dominated headlines for years.
Also Euro crisis or European debt crisis.
Money governments owe creditors
- bailoutEmergency aid preventing bankruptcy
- austerityEnforced economic stringency
- bond yieldsReturns on debt instruments
- troikaSet of three, Russian-derived
default · credit rating · spreads · contagion · liquidity · recapitalization · haircut · debt restructuring
Being without paid work
- povertySevere lack of resources
- inequalityUnequal distribution of resources
- emigrationLeaving homeland permanently
- brain drainEmigration of skilled workers
pension cuts · homelessness · suicide rate · healthcare cuts · education cuts · labor reform · precarity · social safety net
- summitPeak or diplomatic gathering
- referendumDirect vote on legislation
- coalitionTemporary alliance for action
- populismPolitics favoring ordinary citizens
technocrat · sovereignty · Euroscepticism · reform · negotiation · conditionality · Brussels · parliamentary vote
sovereign debt
Money governments owe creditors
- bailoutEmergency aid preventing bankruptcy
- austerityEnforced economic stringency
- bond yieldsReturns on debt instruments
troika · default · credit rating · spreads · contagion · liquidity · recapitalization · haircut · debt restructuring · insolvency
unemployment
Being without paid work
- povertySevere lack of resources
- inequalityUnequal distribution of resources
- emigrationLeaving homeland permanently
brain drain · pension cuts · homelessness · suicide rate · healthcare cuts · education cuts · labor reform · precarity · social safety net · strike
Merkel
- summitPeak or diplomatic gathering
- referendumDirect vote on legislation
- coalitionTemporary alliance for action
populism · technocrat · sovereignty · Euroscepticism · reform · negotiation · conditionality · Brussels · parliamentary vote · protest
Greece
Balkan peninsula nation
- PortugalIberian Peninsula republic
- IrelandNorth Atlantic island republic
- ItalyBoot-shaped European nation
Spain · Cyprus · eurozone · periphery · Germany · France · Athens · Dublin · Lisbon · Madrid
Eurocrisiseconomic miracle
Rapid postwar prosperity surge
Wirtschaftswunder · fiscal stability · economic expansion · balanced budgets · bull market
Eurocrisiseconomic miracle
Rapid postwar prosperity surge
Wirtschaftswunder · fiscal health · budget surplus · economic expansion · creditworthiness
crisis, Europe, European, Europeanize, Europeanization, crises