'Ireland Completes Bailout'
This article is very short, so first, please listen to the news article:
Click here to listen
Questions:
1) Does this mean that Ireland is now able to sustain itself without
help?
2) Have any other countries reached this stage after the Eurozone
bailout?
3) Do you know of a historical case of Ireland having a serious economic
problem?
If you couldn't catch everything from listening, then please see the
article
here.
You can see the full BBC article
here.
Example answers:
1) No, it means they are no longer receiving support. It will be
borrowing money, but under usual conditions.
2) No, Ireland is the first. Portugal is close, and Greece and Cyprus
are still far away.
3) In the 19th Century Ireland had the 'potato famine', in which their
main product, potatoes, failed, destroying their economy. The result was
about 1 million deaths and also 1 million people left Ireland, mostly
for USA.
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