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How the euro caused the Greek crisis
Learning Stats
CEFR Level
Difficulty
Subtitles (35 segments)
To understand what's happening with Greece and the Eurozone, think about a dinner party.
If you're cooking just for yourself and your spouse, it's easy: you make something you
both like. But if you've got guests, things get harder. If you need to accommodate a vegetarian,
and someone who is gluten free, and someone with a soy allergy, your options get really
limited. And that's the problem with Europe's idea of having a whole bunch of countries
all use the same currency. So Greece's economy is in a disaster. A quarter of the population
is unemployed, and it has this very high debt burden. Normally, if you've got really high
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