words in the news: Romania crisis aid

• gaping budget deficit

The very large amount of money by which government spending is greater than its incomes.

• Improve investor's confidence

e.g. The aim of the loan is to finance the country's gaping budget deficit and improve investor's confidence, after a sharp drop in foreign capital inflows.

• a sharp drop

a fast and significant reduction

• foreign capital inflows

money for producing more benefits or for beginning a new business that comes from abroad.

• economic fate has turned

• shedding

losing and closing
e.g. For a country which last year registered the EU's highest growth rate, is now shedding thousands of jobs, mainly in the car and steel sector, and facing a collapse of a property boom

• property boom

when many houses are built and their prices are increasing because there are many demand.

• wages

• reluctantly backing

supporting, although not willingly
e.g. Some trade unions are reluctantly backing the deal.

• enacted

put into practice
e.g. Others are threatening strikes if spending cuts are enacted.

reference