Tag Archives: Finance

Cyprus: 300 Euros Per Citizen

The days of rationing have returned and there is no end in sight for the average or median citizen in Cyprus. Three hundred euros is the limit on how much they can withdraw from their own bank account. How would … Continue reading

Posted in B1 - Intermediate English, B2 - Upper Intermediate (Advanced English), C1 - Proficiency | Tagged , , , , , , , , | Leave a comment

More Spanish Leeway?

Madrid looks much further off track. Spain, in recession last year and seen shrinking again this year, was asked last July to cut its structural deficit by 2.7 points in 2012 to 4.3 percent of GDP and by 2.5 points … Continue reading

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Spain to Become the Next Germany of Europe

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 … Continue reading

Posted in A1 - Beginners English, A2 - Waystage English (Pre-Intermediate) | Tagged , , , , , | Leave a comment