accession process
accommodate demands COL = to accept someone's opinions and try to do what they want, especially when their opinions or needs are different from yours
Act of Accession LSP /WF
agree on smth PREP
alignment with / to be aligned with – PREP
apply for membership PREP/WF
apply to join
aspire to membership
aspire to sth PREP
at a price IDIOM = For some of these young athletes, success comes at a heavy price.
at the expense of smth – idiom
at the height of crisis PREP/WF/IDIOM
attach importance/significance/value/weight to smth IDIOM
austerity measures TERM/WF/LSP
Austerity policies
award (voting) rights COL
back sb on sth PREP
backbone of smth IDIOM
balanced budget TERM/LSP
bankroll sb informal = to provide the money that someone needs for a business, a plan[=finance]
be deeply wary of doing sth PREP/COL
be in a quandary PREP/SP
be in line with sth IDIOM
be indicative of smth PREP
be legally sound COL
be murky
be on good terms with smb IDIOM
be reluctant to do sth WF
be the centre of gravity IDIOM
be under way / get smth under way / have smth under way IDIOM
be wrecked by instability/corruption WF
bear the brunt of - idiom
benchmark = something that is used as a standard by which other things can be judged or measured
Benchmark Bond
benefits accrue COL
Benelux countries
block negotiations COL
boom and bust IDIOM
breach the …% deficit threshold COL
bring (real) benefits COL
bring smth into play – IDIOM
brush smth aside (e.g. criticism) PHR
budget cuts TERM/LSP
budgetary breach
burden a budget
call for smth / to call for smth PHR
carve up PHR
carve-up between sb WF
cause waves in … [political] circles IDIOM
cautionary tale – col поучительная история
cede control over smth to smb COL PREP
chair (e.g. a panel) vb
come /follow close on the heels of – idiom
come into effect LSP
come out in favour of / against = to say publicly that you strongly support or oppose a plan, belief etc PHR
common currency COL/TERM/LSP
community rules on industrial production and trade
competitiveness (falling) COL/WF/LSP/
comply with (requirements) PREP
contribute to (annual) GDP growth PREP/WF
convene a meeting
coordinate / set policies COL/LSP
core demand COL
cough up PHR
crucial to – PREP
cutthroat [ruthless, fierce] competition – COL
date = until now
Debt Restructuring
deficit
delegitimize sth WF/SP
depoliticize sth = to remove political influence or control from a situation WF/SP
derail smth journalism = to prevent smth from continuing in the way that it was planned
derive from smth PREP
discriminate against smb PREP
discriminatory / unequal / unfair treatment COL OPP
diversify [away] from
do smth painstakingly
do well/badly COL
domestic politics COL/LSP
draw up a reform PHR
dust one’s broom – IDIOM
duty DEF
ease trade COL vb
Economic and Monetary Union (EMU) Европейский экономический и валютный союз
economic governance TERM/COL/WF/LSP = budget and fiscal rules that can sanction countries failing to control public finances
economy of scale – DEF
elaborate / complicated rules COL
elevate the prospects of smth/smb / the role of smth [the region] IDIOM
embark on sth PHR
embrace [the Soviet] inheritance = to completely accept smth
emergency fund (set up)TERM/COL
enter circulation LSP
erect defenses against smth (the sovereign debt crisis)
escape clause TERM/LSP
establish / implement currency COL
establish free trade in smth
EU enlargement WF
EU Justice Commissioner – комиссар Еврокомиссии по вопросам юстиции LSP
euro zone TERM
Euro-area country
European Coal and Steel Community LSP
European Commission LSP
European Commission, LSP
European Council LSP
European Council, LSP
European Economic Community (EEC) LSP
European Parliament, LSP
Europe-wide (elections)
evolve into smth PREP
exacerbate a problem / a crisis COL
excessive debt levels WF
excessive deficit/debt WF/COL
expose sth =to show the truth about someone or something, especially when it is bad
factional interest groups – col
fall of the Berlin Wall LSP
favourable/ special / preferential treatment for smb COL PREP
feasible path/idea/method = a plan, idea, or method that is feasible is possible and is likely to work COL
financial backstop TERM/LSP
Financial delinquent / budgetary sinner fig
financial regulation TERM/LSP
financial regulator TERM/LSP = a person or organization
financial safety net = система обеспечения стабильного функционирования финансовой системы TERM/LSP
fiscal deficit TERM/LSP
fiscal discipline
fiscal policy TERM/LSP
forfeit TERM/LSP поплатиться
free mobility of capital / labor COL/LSP
freeze on voting rights PREP
fund massive overdraft = the amount of money you owe to a bank when you have spent more money than you had in your account TERM/LSP
gauge sth (e.g. competitiveness)
gaze at/contemplate your navel = to spend too much time thinking about your own problems - used humorously IDIOM
GDP LSP
generate benefits COL
give a (visible / powerful) push/impetus to smth – PREP
give rise to smth (tensions) COL = to make smth happen, esp. smth unpleasant
give sb the nod / to get the nod from sb informal IDIOM
give/impart a flavor of smth IDIOM
go far
government debt TERM/LSP
government expenditure TERM/LSP = What a government spends in order to achieve its planned budget.
grant status to COL PREP
guarantee of smth SP
hard currency TERM (see Glossary) /LSP
have one’s application officially accepted
have smb / bring smb on board IDIOM
have/be given a mandate COL
have/hold (intense) consultations
Heavily indebted country
hegemon / hegemony - DEF
high-level talks LSP
hold hard currency reserves TERM,LSP
imbalance in sth / between sth and sth WF/PREP
impose (tough) sanctions COL
impose a penalty on sb COL/PREP/LSP
improve/threaten/guarantee (overall) stability COL/WF
in order IDIOM
in smb’s vision = when you are referring to somebody else’s words or ideas
in the air IDIOM = everywhere; all about
in the works IDIOM = being planned, or being dealt with
in theory PREP
inadequacies of sth COL/WF/SP
inalienable rights COL
Insolvent state lsp
interest-bearing / non-interest bearing account = of financial obligations on which interest is paid LSP ???
intervene in sth PREP/SP вмешиваться
into the pot IDIOM = among various things being discussed or considered
judge smth against a background of smth
keep deficits/government debt below …% of GDP COL
kick in PHR =informal to start or to begin to have an effect
labor / capital movements across borders COL/PREP
launch a single European currency
left/right-wing (members) LSP
liberalize smth WB
lie ahead PHR
long-drawn-out argument
loose agreement = not strictly organized or official COL
loose-knit organization
lost NN points on the score – IDIOM
maintain /to pursue (fiscal) discipline COL
maintain a tariff COL
make an alteration = to change
make headway towards smth IDIOM
market-oriented – WF
member share distribution
member states LSP
mete out sth (fines) PHR = if you mete out a punishment, you give it to someone
migrant labour remittance TERM (пересылка) /LSP
milling value grain – col
mollify sb SP = to make someone feel less angry and upset about something
monetary authority COL/TERM/LSP
monetary policy TERM/LSP
moral hazard TERM/LSP = риск недобросовестности
most-favored nation (status) /LSP
movement has stalled ???
national source of product COL
navel-gazing = useless or excessive self-contemplation
NOUN + to contract GDP would contract
on condition of anonymity IDIOM
on the back of smth – IDIOM
onus is on sb to do sth formal PREP
open the door to new opportunities IDIOM
open up (about export markets) PHR
opt-out clause TERM/LSP статья договора о выходе
opt-out on/from TERM/LSP/PREP = When a country or organization decides not to join a group or system.
overhaul of smth
Overspending (euro) nation
pare smth down/back PHR = to reduce the total number or amount of smth
peripheral/core country WF (from periphery)
pet project IDIOM
plague smth [markets]
plunge (back)
point/frame of reference also reference point
police sth (standards) = to control a particular activity or industry by making sure that people follow the correct rules for what they do
pose a threat/danger/risk to smth COL
pose danger to smb COL/PREP
press for sth PREP
product category COL
Profligate sp
propose legislation COL
protection-seeker – WF
prune (the eurozone)
public finance TERM/LSP
pull out [of the region] PHR = to stop being involved in an activity, event, or situation
punishment squad COL
push on towards smth PHR = to continue a journey, esp. after stopping for a period of time
put sth in doubt COL
quibble about / over = to argue about small unimportant details PREP/SP
reach a common position on smth COL/PREP
real prospect that COL
recalcitrant FIG WF (from recalcitrance)
reckless behaviour COL/WF
redraw the map (geopolitically) IDIOM
reduce temptation to do sth COL/WF
refuse sth pig-headedly = stubbornly
reinforce, deepen vb
reiterate smth = to repeat
relegate responsibilities COL
remove/withdraw sth from circulation PREP/ LSP
Repeat offender fig
repudiate formal = to state or show that something is not true or correct
Rescue a failing eu partner
Rescue shield
resource allocation COL
restriction DEF
restructure a debt LSP
Reunification of Germany
reverse voting аннулировать
rise steadily COL
rule smth out (e.g. the possibility) PHR
rules of origin TERM /LSP
run into a financial difficulty/trouble/problems PHR
Russia’s regional standing WF
safeguard smth (e.g. the stability of euro)
scrutinize sth (budgets) COL/WF/SP
secure short-term advantages COL
secure/make/do U-turn IDIOM
secure/safe in the knowledge that PREP
send out the wrong signals/message to sb/sth IDIOM
senior European leaders
sensitivity of (the issue) WF
set out (e.g. plans) PHR
set up a resolution/rescue mechanism
shackles of sth PREP= the limits put on your freedom and happiness by something,
shed jobs/staff
show mixed signals / to send mixed messages – idiom
sign a treaty LSP
sovereign debt crisis DEF/LSP
spearhead – WF острие, лидер
spell sth out = to explain something clearly and in detail PHR
spending responsibilities to smb COL
split = disagreement
spot problems COL
Stability and Growth Pact TERM/LSP Пакт стабильности и роста
stand for smth PHR
stand to do smth [to gain/lose/win]
staple ingredient – COL основной
State in trouble
steer clear of smth IDIOM
stimulus spending TERM/LSP
stop short of doing smth IDIOM = to not do smth, although you almost do it
strike a happy/cautious/defiant tone COL
submit smth to sth/sb for scrutiny WF/PREP
suffer a fierce backlash COL
suffer from competition from smb / an exposure to competition / a cutthroat / fierce / intense / serious / severe /stiff / strong / tough ~
suffice = formal to be enough
supra-national agency COL
suspend/withdraw voting rights COL
sweeping integration/changes/cuts/reforms COL = affecting many things
taboo
take shape IDIOM
tariff ON smth PREP
tariff rate LSP* [тарифная ставка]
task force on smth TERM/PREP/LSP
the Eurogroup panel LSP организация объединяет министров финансов 16 стран, входящих в зону евро
The European Bank for Reconstruction and Development (EBRD) LSP
the European Union Treaty LSP
the lion’s share IDIOM
through means They cannot achieve their goal through legal means. PREP
tighten economic governance WF
tough budgetary rules COL
trade agreement LSP* [торговое соглашение]
trade war LSP* [торговая война] states tariffs, trade barriers, autarky position.
transship (transshipped) smth to COL, PREP
Treaty of Rome, LSP
Troubled country
turn into smth PHR
uncertain future COL
under the rules (of sth) PREP
unify markets COL
unravel WF = if a process or project unravels, it begins to fail
untapped (fund/resource/potential) = an untapped supply, market, or talent is available but has not yet been used WF
upturn in (e.g. inflation) – WF, PREP
veto smth (sb’s application)
violate the …% debt limit COL
violate the principles of smth COL
vote sth down PHR
wrap sth up informal to achieve sth such as a victory or an agreement PHR
wreck the economy COL