Listening: Money, debt and the euro (B2 to C1)

Pre-listening

1) Look up these words in a monolingual dictionary (English-English): asset – debtor – creditor – supplier – bail out – debt crisis – GDP
2) Look for examples with the words or make sentences with them.

Listening

Listen to the following interview with Philip Coggan (up to minute 10), a historian of debt crises, and answer the following questions:

Which is the battle that plays itself out?
What two functions does money have?
Who are the creditors and who are the debtor nations?
What does our faith in money depend on?
What happens in a positive circle?
What do the Germans want to make sure?

Follow-up

What’s you opinion on the European crisis?
Do you agree with Philip’s views?