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B1 Intermediate English 2:55 Educational

How the euro caused the Greek crisis

Vox · 3,533,851 views · Added 1 month ago

Learning Stats

B1

CEFR Level

5/10

Difficulty

Subtitles (35 segments)

00:01

To understand what's happening with Greece and the Eurozone, think about a dinner party.

00:04

If you're cooking just for yourself and your spouse, it's easy: you make something you

00:08

both like. But if you've got guests, things get harder. If you need to accommodate a vegetarian,

00:13

and someone who is gluten free, and someone with a soy allergy, your options get really

00:17

limited. And that's the problem with Europe's idea of having a whole bunch of countries

00:21

all use the same currency. So Greece's economy is in a disaster. A quarter of the population

00:28

is unemployed, and it has this very high debt burden. Normally, if you've got really high

Full subtitles available in the video player

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