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
Eine Finanzkrise and die Eurokrise can occur in reports about the same economic downturn. Finanzkrise mainly refers to a disruption of the financial system, while Eurokrise refers to the sovereign debt crisis affecting several countries in the Eurozone. Choose Finanzkrise for banks and lending, and Eurokrise for those countries’ sovereign debt.
In der Eurokrise mussten mehrere Länder der Eurozone ihre Staatsschulden verringern.
During the Euro crisis, several countries in the Eurozone had to reduce their sovereign debt.
Während der Finanzkrise vergaben die Banken deutlich weniger Kredite.
During the financial crisis, the banks issued significantly fewer loans.
