1. Economic Cycles The economy is cyclical: periods of growth are followed by periods of recession. Periods of recession are defined by a slowdown in economic activity resulting in job losses, unemployment, budget defici - Convergence and Union - Document - PDFSEARCH.IO

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	1. Economic Cycles The economy is cyclical: periods of growth are followed by periods of recession. Periods of recession are defined by a slowdown in economic activity resulting in job losses, unemployment, budget defici Add to Reading List Document Date: 2014-12-18 05:58:18 Open Document File Size: 2,75 MB Share Result on Facebook Continent Europe / / Country Cyprus / Spain / Greece / / Currency EUR / / IndustryTerm bank recapitalisation programme / bank loans / / Organization European Central Bank / European monetary union / European Union / International Monetary Fund / Economic and Monetary Union / European Commission / / SocialTag Economics Eurozone European Financial Stability Facility European Financial Stabilisation Mechanism European Fiscal Union Euro convergence criteria Stability and Growth Pact European Central Bank International Monetary Fund European sovereign debt crisis

1. Economic Cycles The economy is cyclical: periods of growth are followed by periods of recession. Periods of recession are defined by a slowdown in economic activity resulting in job losses, unemployment, budget deficiAdd to Reading List