Wednesday, March 27, 2013

Eurogroup English Dictionary (EED)

Trying to decode what the Eurogroup is saying into English is getting harder as policy becomes less distinct. However we have uncovered a small segment of the equivilent of the Rosetta stone. Plain English on the left and Eurogroup English on the right. We hope this helps.

    Irish    (adj) - Not Greek

    Portuguese    (adj) - Not Irish

    Spanish    (adj) - Not Portuguese

    Italian    (adj) - Not Cypriot

    Cypriot    (adj) - Unique

    Ubiquitous    (adj) - Unique

    Systemic    (adj) - Unique

    Endemic    (adj) - Unique

    Theft    (n) - 1) Tax 2) contribution 3) Fair share.

    Deposit    (n) - Bank share holding.

    Depositor    (n) - Money Launderer

    Uninsured Deposit Loss    (n) - Insured Deposit Protection

    Capital Control    (n) - Cautionary measures.

    Economic Collapse    (n) - Difficult times.

    Discord    (n) - Unity

    Compromise    (n) - Strong Agreement

    Retard    (n) - Dutch Finance Minister

    Own Goal    (n) - Mr Dijesselbloem's statement

    Vague Idea    (n) - A Commitment.

    Hope    (n) - Commitment to the commitment

    Inappropriate    (adj) - Template

    Unsuitable    (adj) - Template

    Master Plan    (n) - Template

    Template    (n) - Not a template

    Dead Cat Bounce    (n) - Encouraging signs

    Dysfunctional Family    (n) - Europe

    German Foreign Policy     (n) - European rescue program.

    Economic Repression    (n) - Prudent policy.

    Vengeance    (n) - Necessary adjustments.

    Free Market    (n) - Moral hazard

    Haphazard Moral Hazard    (n) - Flexible policy.

    U-turn    (v) - Clarification of earlier statements.

    Implicit Guarantee     (n) - Will do what is necessary

    Panic    (v) - Urgently striving to do what is necessary

    Failed to do what was necessary    (n) - Rapidly changing environment.

    Pommel Horse    (n) - Cyprus Parliament

    Whipping Boys    (n) - Cypriot Government

    Outrageous Assumption    (n) - Realistic target

    Last Hope    (n) - Mr Draghi

    Fourth Reich    (n) - The Eurogroup

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