Documente Academic
Documente Profesional
Documente Cultură
com
VOCABULARY LISTS
1. debt
the state of owing something, especially money
2. default
fail to pay up
In due course, Greece would default, or the debt would be
restructured.
— Forbes (Jul 7, 2015)
3. contagion
the communication of an attitude among a number of people
Investors sold bonds issued by Italy, Spain and Portugal on fears
that these weaker economies might su er some contagion in
terms of market con dence.
— Washington Post (Jul 6, 2015)
4. bond
a certi cate of debt issued by a government or corporation
Quantitative easing took things a step further, by trying to push
investors to take more risk by making government bonds
unattractive.
— Wall Street Journal (Jul 7, 2015)
5. solvency
the ability to meet maturing obligations as they come due
6. bail out
free on bail
https://www.vocabulary.com/lists/700120#view=notes 1/6
4/30/2016 sovereign debt crises - Vocabulary List : Vocabulary.com
7. write down
reduce the estimated value of something
My proposal begins with government action to write down the
value of all euro-denominated contracts enforced within Greece.
— Forbes (Jul 5, 2015)
8. fallout
any adverse and unwanted secondary e ect
The government will do "whatever is necessary" to protect the UK's
economy against the fallout from Greece's bailout referendum,
George Osborne has told MPs.
— BBC (Jul 6, 2015)
9. backslide
drop to a lower level, as in one's morals or standards
10. referendum
a legislative act referred for approval to a popular vote
11. exit
move out of or depart from
"If they cannot settle their di erences, the euro zone leaders should
agree on Greece to exit the euro in a planned manner," he said.
— Reuters (Jul 7, 2015)
12. austerity
self-denial, especially refraining from worldly pleasures
What was obvious is that austerity without radical restructuring
would inevitably lead to default, if not now, then somewhere not
too far down the line.
— Forbes (Jul 7, 2015)
https://www.vocabulary.com/lists/700120#view=notes 2/6
4/30/2016 sovereign debt crises - Vocabulary List : Vocabulary.com
13. underemployed
employed only part-time when one needs full-time employment or not making full use of your skills
“I do not separate the civil-rights issue from the fact that 50 percent
of African-American young people are either unemployed or
underemployed. ”
— Salon (Jul 6, 2015)
14. ballot
a document listing the alternatives that is used in voting
15. departure
the act of leaving
But it's shorter than saying "Greece's departure from the group of
19 countries that share a single currency, the euro."
— US News (Jul 7, 2015)
16. constrain
restrict
Finding the means to get going as an entrepreneur is still a
challenge, however, in an era of constrained bank lending.
— The Guardian (Jun 20, 2015)
17. creditor
a person to whom money is owed by a debtor
Some reports said the Greek government was planning instead to
present new proposals to its creditors Wednesday.
— Los Angeles Times (Jul 7, 2015)
18. devalued
lowered in value
19. bankruptcy
a legal process for a corporation declared to be insolvent
https://www.vocabulary.com/lists/700120#view=notes 3/6
4/30/2016 sovereign debt crises - Vocabulary List : Vocabulary.com
bankruptcy protection.
— Reuters (Jul 7, 2015)
20. brinkmanship
pushing a dangerous situation to the edge of disaster
22. collapse
break down, literally or metaphorically
Cypriots know better than most the e ects of a nancial crisis - its
biggest banks nearly collapsed in 2013, amid heavy exposure to
Greek debt.
— BBC (Jul 7, 2015)
23. baleful
threatening or foreshadowing evil or tragic developments
At the time, Jamaican politicians were able to point to baleful
threats coming from Washington as a reason not to move forward.
— Salon (Jan 27, 2015)
24. debtor
a person who owes a creditor
The message will be that Europe’s other debtor nations can also
use political extortion to block pro-growth reform.
— Wall Street Journal (Jul 5, 2015)
25. outstanding
owed as a debt
https://www.vocabulary.com/lists/700120#view=notes 4/6
4/30/2016 sovereign debt crises - Vocabulary List : Vocabulary.com
26. curtail
terminate or abbreviate before its intended or proper end
These measures have done little to curtail Puerto Rico’s crisis, and
have arguably made it worse.
27. bondholder
a holder of bonds issued by a government or corporation
“Every time Chapter 9 is used, bondholders get destroyed,” said
one creditor source.
— Reuters (Jul 3, 2015)
30. sound
in good condition; free from defect, damage, or decay
32. reckoning
problem solving that involves numbers or quantities
https://www.vocabulary.com/lists/700120#view=notes 5/6
4/30/2016 sovereign debt crises - Vocabulary List : Vocabulary.com
33. relief
the act of reducing something unpleasant
Eventually, there will have to be agreement on some kind of debt
relief as well, otherwise Greece will continue to sink.
— BBC (Jul 7, 2015)
34. squeeze
obtain by coercion or intimidation
But for nonessential goods, in particular luxury items, Greek
importers are starting to feel the squeeze.
— Wall Street Journal (Jul 4, 2015)
35. depression
a long-term economic state with unemployment and low prices
36. pay o
eliminate by paying o (debts)
Without new loans, Greece won’t be able to pay o its old loans.
— Time (Jul 2, 2015)
37. loan
the temporary provision of money (usually at interest)
President Barack Obama on Tuesday and briefed him on Greece's
request for a rescue loan from its euro zone partners.
— Reuters (Jul 7, 2015)
38. rescue
free from harm or evil
They expect to hear new Greek proposals for rescue that will then
be discussed by government leaders at a summit later in the day.
— Reuters (Jul 7, 2015)
Copyright © 2016 Vocabulary.com All Rights Reserved.
https://www.vocabulary.com/lists/700120#view=notes 6/6