Macedonian vs European

Macedonian and European both are nouns.

Word	Noun	Adjective	Verb	Adverb
Macedonian	Yes	Yes	No	No
European	Yes	Yes	No	No

As nouns, European is a hypernym of Macedonian; that is, European is a word with a broader meaning than Macedonian:

Macedonian (noun)	European (noun)
the Slavic language of modern Macedonia	a native or inhabitant of Europe
a native or inhabitant of Macedon

Macedonian (adjective)	European (adjective)
of or relating to Macedonia or its inhabitants	of or relating to or characteristic of Europe or the people of Europe