B1 – Intermediate
The Eurozone economy refers to the collective economic system of the European Union (EU) member states that have adopted the euro as their official currency.
Governed by the European Central Bank (ECB), the Eurozone aims to promote economic stability and facilitate trade and investment among its member states through monetary integration.
Listen to this audio and read the transcript about the Eurozone economy.
https://www.newsinlevels.com/products/eurozone-economy-level-3/
Vocabulary Questions:
- What does “narrow margin” mean in the sentience, “The eurozone’s economy struggled to grow last year, avoiding a recession by a narrow margin, in contrast to the global economic expansion.” Give two (2) synonyms or similar expressions and use ‘narrow margin’ in your own sentence.
- What does “key player” mean in this sentence, “Germany, a key player in the euro area, faced an industrial downturn, impacting the entire region.” Give two (2) synonyms or similar expressions and use ‘key player’ in your own sentence.
- What does “subside” mean, “Economists predict a slow recovery, with household consumption expected to drive growth as energy prices stabilize and inflation subsides.” Give two (2) synonyms or similar expressions and use ‘subside’ in your own sentence.
Discussion Questions:
- How do economic problems in Germany affect the overall performance of the eurozone economy? Explain.
- What are possible long-term implications of the eurozone’s economic problems and how might it affect the future economic policies and strategies within the region? Elaborate and explain.
- How might strikes and protests about high prices impact consumer confidence and economic stability within the eurozone?
- How do you think the economic struggles of the eurozone might impact the daily lives of individuals living within the member countries?