Spain to Become the Next Germany of Europe

morgan stanley

Morgan Stanley, an American investment bank, says that Spain will become the next Germany of Europe.

They say the fall in labour costs and reforms lead to important growth at the end of 2013. Joachim Fels, the author of the report,  says accusations against politicians are not changing things, and Spain is becoming the motor of the Eurozone.


to become: to convert itself, to change into

the next: the following, the one after

fall: a drop, a decrease

labour costs: the money it costs to hire people

reforms: changes

author: the person who writes

accusations: the written allegations, the charges, the blame

politicians: people who govern or work in government

to change: to modify, to make (things) different

About Paul Gibson

Economist, financial risk analyst, business English coach and entrepreneur...always disposed to new business ideas and offer support for new business plans. Specialist in e-commerce and marketing.
This entry was posted in A1 - Beginners English, A2 - Waystage English (Pre-Intermediate) and tagged , , , , , . Bookmark the permalink.

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