level: Lecture + Chapter 7: Crisis and Opportunity (2004-present)
Questions and Answers List
level questions: Lecture + Chapter 7: Crisis and Opportunity (2004-present)
| Question | Answer |
|---|---|
| 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. |