CLEAN : Cyprus faces years of austerity

The video discusses the economic challenges faced by Cyprus and other European countries, focusing on the banking system's instability, potential recession, and the implications of bailout and austerity measures. It explores the debate over Eurozone membership and highlights future economic concerns, particularly in larger economies like Spain and Italy.

How might the banking system be affected if a significant amount of deposits are withdrawn?

What lessons can be learned from Greece's experience with bailouts?

In what ways could austerity measures impact the economy of a country in the eurozone?

What factors contribute to the competitiveness of a country's economy in relation to its exchange rate?

What are the potential consequences for a country if it decides to exit the euro?