VOICED: Latvia's EU economic bubble bursts

VOICED: Latvia's EU economic bubble bursts

Assessment

Interactive Video

Business

10th Grade - University

Hard

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Quizizz Content

FREE Resource

Latvia joined the EU in 2004, experiencing significant economic growth. However, the country now faces a predicted 13% GDP drop, causing concern among citizens, including teachers worried about their salaries. EU aid has been crucial, providing over €6.6 billion for infrastructure and environmental projects. Despite this, Latvia struggles with economic challenges, including high deficits and inflation, and is adhering to IMF bailout terms. The government is implementing deep budget cuts, leading to demonstrations and fears of bankruptcy without further IMF assistance.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns does the teacher express regarding the impact of the crisis?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What projects are expected to be improved with the EU aid?

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