Etymology

two-speed Europe

Today it means: A model of European integration in which a core group of member states (the "vanguard") pursues deeper integration at a faster pace than the rest of the union, which remains at a lower level of integration. Full definition →

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The story

two-speed + Europe, patterned after automotive terminology to describe different rates of progress.

Etymology from Wiktionary, CC BY-SA 4.0.