European Debt Crisis

European Debt Crisis,

What is The Definition of European Debt Crisis?

  1. You can define European Debt Crisis as, This was a time when many European countries were facing the collapse of financial institutions, high national debt and rising national debt. It all began with the collapse of the Icelandic banking system in 2008 and has spread to Greece, Ireland and Portugal. The crisis has made it difficult for many countries to repay their national debts without the help of external organizations such as the European Central Bank. As a result of this crisis, European countries established and implemented a number of financial cooperation initiatives, such as the European Financial Stability Fund and the European Stability Mechanism.

Literal Meanings of European Debt Crisis

European:

Meanings of European:
  1. Relation or characteristic of Europe or its people.

  2. Local or European resident.

Sentences of European
  1. 20th Century European Art

  2. For example, Indians and Europeans use corn to make clothes, bags and legs.

Synonyms of European

non-black, Caucasian, European

Debt:

Meanings of Debt:
  1. Some, usually money, loans or debts.

Sentences of Debt
  1. I paid my debt

Synonyms of Debt

account, bill, tally, outstanding payment, financial obligation, money owing, amount due

Crisis:

Meanings of Crisis:
  1. Times of severe hardship, difficulty or danger.

Sentences of Crisis
  1. The current economic crisis

Synonyms of Crisis

cataclysm, calamity, catastrophe, emergency, disaster