Eurozone

GDP

National output abbreviation

• fiscal policyState spending and taxation
• MaastrichtDutch border city
• sovereign debtMoney governments owe creditors

bailout · austerity · deficit · recession · growth · unemployment · competitiveness · economic integration · troika · debt crisis

euro

Shared continental currency

• single currencyShared monetary unit
• monetary unionShared currency arrangement
• interest ratesPrice paid for borrowing

quantitative easing · exchange rate · monetary policy · banknotes · coins · price stability · common currency

Brussels

Belgian capital

• summitsHighest elevations or conferences
• treatyBinding pact between nations
• LisbonPortugal's largest city

Frankfurt · supranational · intergovernmental · federalism · sovereignty · regulation · coordination · decision-making · institutions

Euroscepticism

Hostility toward continental integration

• populismPolitics favoring ordinary citizens
• nationalismDevotion to one's country
• solidarityUnity among allies

creditor · debtor · Brexit · federalist · legitimacy

adoption

Legal family formation

• accessionAttainment of high office
• opt-outChoose not to participate
• DenmarkScandinavian constitutional monarchy

expansion · candidate · convergence · criteria · referendum · transition · integration · withdrawal · Grexit · enlargement

• PortugalLisbon, Porto, Algarve, Oporto, Madeira
• economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
• EUAustria, Belgium, Bulgaria, Croatia, Cyprus
• Global Economicsfree trade, economic development, trade pacts, economic growth, trade blocs
• global financeinternational banking, financial hubs, central banks, capital flows, exchange rates
• currency historygold standard, silver standard, bimetallism, fiat money, fiat currency