The Euro Turns 15

Europe's single currency, the euro. is celebrating its 15th birthday. Introduced in 12 European countries in 2002, the euro has been stable over long periods of time, but there have also been challenges. Greece has received money from the European Central Bank to restructure its economy and fight its financial problems. Today, 19 of the EU's 28 nations use the euro as their national currency.




Vocabulary

  • bailout loan = money given to a country or company to help get rid of their financial problems

  • capital = the most important city of a country ; where the government is

  • challenges = problems

  • common ground = things that are the same everywhere, or that should be shared by all people or countries

  • currency = the money that is used in a country

  • debt = money that a country has to pay back to others

  • desperate = worried about

  • economist = a person who studies how countries trade, buy and sell products

  • Eurozone = countries that use the Euro as money

  • far right = very conservative

  • fiscal = about money

  • illuminate = light up

  • launch = start

  • multiple = several, many

  • policy = the way a government deals with certain problems

  • poll = to ask people questions about a certain subject or who they would vote for in an election

  • prompting = leading to

  • publicise = to give the public information about something, so that they know the facts

  • referendum = when people vote to decide on a certain subject

  • regulations = rules, laws

  • single currency = one form of money used in many countries

  • spending cut = here: to spend less than normal

  • stable = here: to have the same value over a longer period of time

  • suffer = to undergo a bad time

  • unrest = political situation in which people behave in a violent way

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