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European Ministers Agree to Loan Greece

2

1

 

 

__________________________

(...)

________ _________

_______

___________________

(...)

 

 

2014

1

I. (1 - 10). (a j), , :

 

1) agreement a) an amount of money that must be paid

2) reduction b) a person, bank, or company that you owe money to

3) creditor c) the amount of money that something is worth

4) value d) a decrease in the size, price or amount of smth.

5) loan e) an arrangement or promise to do something made by two or more people, companies, organizations, etc.

6) payment f) an amount of money that you borrow from a bank

7) investor g) the money that is available to an organization or person

8) cut h) help, such as money or food, given by an organization or government to a country or people in a difficult situation

9) aid i) a reduction in the size or amount of something

10) budget j) someone who gives money to a company, business or bank in order to get a profit.

 

:

                   
                   

II. :

market leader, rules, delivery, online shopping, department, boost

1) Many people use the web for _________ or banking.

2) In formal situations its a good idea to follow standard _________ when making new contacts.

3) A company that has the biggest sales or the best selling product in the market is the _______.

4) The company hopes that its new strategy will give sales a _________.

5) Some retailers have found it difficult to guarantee _________ times: goods may arrive late.

6) A ________ is a part of company where people do a particular kind of work.

 

III. a) 3, 5.

B) -, . .

 

1. The market for digital cameras was researched last year and the findings are reported in the Survey.

2. Prices have fallen in the food business, because of advances in distribution technology.

3. The car business has a serious problem: it is producing too many cars.

 

IV. a) 1.

B) . .

 

1. American consumers cannot keep spending more than they earn.

2. Tracing the complex flows of funds is often difficult.

3. Congress failed to approve proposal that the two countries would have normalized trade relations.

 

V. .

2, 3.

European Ministers Agree to Loan Greece

 

1. European finance ministers agreed to loan Greece about one hundred seventy-two billion dollars this week at a meeting in Brussels. Luxembourg's Prime Minister announced the agreement: After a meeting of at least thirteen or fourteen hours, we have reached a far-reaching agreement on Greeces new program and private sector involvement that will lead to a very significant debt reduction for Greece.

2. Under the plan, Greeces private creditors will lose more than half of the face value of their investments. The agreement also means the country will receive its second financial rescue in less than two years. The new loans will likely let the Greek government make a nineteen billion dollar payment on its debt. Now, Greece must negotiate the terms of its loans with individual banks and other investors. But these creditors will have to hurry. Greece can dictate its own terms once it reaches agreement with two thirds of its creditors. Not everyone believes Greece will be able to repay its loans. The Fitch financial services company cut the credit rating of Greece. Fitch said, it remains "highly likely" that the country will fail to meet its financial responsibilities.

3. The Greek parliament has agreed to the idea of spending and job cuts demanded by the European Union and the International Monetary Fund. Parliament must now pass all seventy-nine measures included in a reform plan before getting the rescue loans. Prime Minister Lucas Papademos has said his country has a lot of work to do before it can receive new aid.

4. At the same time, protests continue in Greece over budget-cutting measures. Many Greeks say they have sacrificed enough. But Greeces EU neighbors are unlikely to release new loans until the budget cuts are in place. The head of the EU delegation to the United States told that the union has learned from the crisis. We learned a lot about the means that we need to deal with emergency situations. We didnt have them before. We learned that our governance system was not yet at the right level, and we are in fact changing a lot. There is a lot being changed.

 

VI. , (1, 2, 3):

 

A) (true)

B) (false)



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