How will People Cope with the New Economy

How will People Cope with the New Economy

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the economic turmoil in Cyprus, highlighting the potential collapse of financial systems and the impact on citizens. It covers the expected loss of savings for those with Bank of Cyprus accounts, the debate over remaining in the eurozone, and the personal stories of individuals affected by these changes. The narrative concludes with a grim outlook on the country's economic recovery, predicting a deep recession and high unemployment.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expected consequences for people with Bank of Cyprus accounts?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the sentiment of the people regarding the decisions made by the European Union?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker mean by 'deep recession' in the context of Cyprus?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the Laiki Bank being wound up?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the economic situation affected families in Cyprus?

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