Street art by artist Rallito-X, in Berlin

Economic loss is lexicon’s gain

While the euro crisis is impoverishing swathes of Europe, it is enriching the continent’s lexicon with colourful neologisms to describe the bloc’s problems, and bringing complex economic principles into common parlance.

Published on 26 July 2013 at 15:25
DigitalArtBerlin  | Street art by artist Rallito-X, in Berlin

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.”

In Greece, crisis-born phrases pepper conversations in cafes and offices and on subway trains, particularly the ironic use of expressions or slogans uttered by political leaders, like a claim in 2009 by George A. Papandreou, then the prime minister, that there was money, when clearly there was not. “Don’t worry, I’ll get it,” a Greek man celebrating his birthday at an Athens taverna told his friends recently when they reached for their wallets. “Hey, there is money. Remember?”

The long economic crisis in Europe has ushered in record unemployment and boisterous protests, but there are also many subtler ways to gauge its effect. In country after country, the crisis has also spawned a language of its own, brought once exotic financial terms into popular use and generated a slang that reflects the dark humor used by many to cope with their enduring troubles.

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