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A Continent Mired in Crisis Coins a Language of Economic Pain

07/25/2013- The New York Times- Raphael Minder

MADRID — The Portuguese have a new word, “grandolar,” which grew out of the euro crisis and means “to subject a government minister to a singing protest using a revolutionary hymn.” But now, after three years of austerity, even Portuguese children “grandolate” their parents if they do not want to take a bath.

The Italians, who now track the spread between German and Italian bond yields with a passion once reserved for soccer, toss around words like “spreaddite,” wryly defined by La Repubblica, a daily newspaper in Rome, as the “intensification of the suffering caused by the high spread.”

 

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