Lynchpin

This week's article from the guardian.co.uk describes Germany as being the “lynchpin of the euro’s viability”, it also reports a suggestion that Mrs Merkel has suggested that Germany should leave the euro.

Please read the article and answer the following questions. Discuss the answers with your teacher or colleagues.

1. What does the word wrangling mean?

1. Arguing
2. Fighting
3. catching wild cows in America
4. a type of clothing

2. Mrs Merkel wanted certain countries to lose their voting rights in EU councils, which countries was she referring to? What argument did she use to support this idea?
3. Which is the next country to need rescue according to the article?

Internation Currency war- Devaluations

Devaluations

This weeks blog post is about devaluation of international currencies. In an article in the Guardian the Brazilian Finance minister states that countries are keeping the value of their currencies artificially low to support their export industries.Read the article and then:-

Write a short report on the history of the value of your countries currency or that of another currency against the value of the dollar this year. Explain the advantages and disadvantages of devaluation of your countries currency to your company. As your teacher to mark your report or add it to this blog.