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level: Lecture + Chapter 7: Crisis and Opportunity (2004-present)

Questions and Answers List

level questions: Lecture + Chapter 7: Crisis and Opportunity (2004-present)

QuestionAnswer
Why was there a Rise of Eurosceptisims?The Maastricht treaty had raised questions about national sovereignty and some citizens in western countries considered the enlargement a threat to European stability.
Why did the Constitutional treaty fail?It was rejected by Dutch and French voters.
What is Austerity?A term used to describe the policies put in place by many EU states to address their budget deficits. Actions include cuts in spendings annd tax increases.
What is Populism?A political program or movement based on championing the rights and interests of the people in the face of the ruling elite.
How did the Global Economic Crisis affected the EU?By the Eurocrisis and the Greek debt crisis.
What are some aspects mentioned in the lecture "From the Financial crisis to Eurocrisis? (Mention 3)European banks had invested in US banks and were hit hard, cost of bailing out are very high and have a domino effect in the Eurozone and some countries have a unhealthy economic and financial system.