BBC has made a brief but meaty presentation on the Euro. Before watching it, have a look at the meanings of the following terms:
debt – the money you owe someone
loan – a sum of money you borrowed from a bank
bail-out – financial help given to organizations or countries facing difficulties
lender – a person or organization that lends money to someone
bond yields – money that is earned from a bond
contagion – disease, infection
After watching the video, answer the following questions:
What do the two parallel lines symbolize in €?
Why was € launched?
What went wrong?
In your answers try to use these words:
to crumble, to certify, to smooth, to soar, at a price, unaffordable, to lose out, to be exposed to
If you are not sure about the meanings, check them in Cambridge Dictionary.
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