Euro crisis
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Euro crisis
Refers to the sovereign debt crisis in several countries of the Eurozone, which began around 2009 and led to extensive political and economic measures.
Griechenland war eines der Länder, das am stärksten von der Eurokrise betroffen war.
Greece was one of the countries most severely affected by the Euro crisis.
The word is composed of 'Euro' and 'Krise' (crisis). So it literally refers to a crisis connected with the euro or the Eurozone.
Die Eurokrise hatte große Auswirkungen auf die europäische Politik.
The Euro crisis had major effects on European politics.
Common verbs used in connection with the Euro crisis are 'bewältigen' (to manage/overcome), 'überwinden' (to overcome), or 'auslösen' (to trigger). People also often talk about the 'Folgen' (consequences) or 'Ursachen' (causes) of the Euro crisis.
Die Politiker diskutierten, wie man die Eurokrise am besten bewältigen könne.
The politicians discussed how best to manage the Euro crisis.
This term is mainly used in the fields of politics, economics, and contemporary history. You often find it in the news, specialist articles, and discussions about the European economy.
In den Nachrichten wurde ausführlich über die Eurokrise berichtet.
The news reported extensively on the Euro crisis.
financial crisis
'die Finanzkrise' (financial crisis) and 'die Eurokrise' (Euro crisis) both have to do with major economic problems. However, 'die Finanzkrise' is more general: it affects the financial system, such as banks, stock markets, and loans. 'die Eurokrise' means a specific crisis in the Eurozone, especially the sovereign debt crisis from around 2009 onward. Learners may confuse the words because the Euro crisis also involved financial problems. More precisely: every Euro crisis is an economic crisis topic, but not every financial crisis is the Euro crisis.
In der Eurokrise mussten mehrere Länder der Eurozone harte Sparmaßnahmen planen.
During the Euro crisis, several Eurozone countries had to plan tough austerity measures.
Während der Finanzkrise gaben viele Banken weniger Kredite an Firmen.
During the financial crisis, many banks gave fewer loans to companies.