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Friday, 26 October 2012

Spain recession

Look up this vocabulary first:

economic crisis
recession
a real estate office
the construction boom went bust
hold real estate debt
a bailout from Europe
credit is still very tight
unemployment rate more than 24%
seen their salaries frozen or cut
businesses have filed for bankruptcy
many that remain open are struggling
my income has gone down
my taxes have gone up

Now you can watch the video here: http://edition.cnn.com/video/?hpt=hp_t3#/video/world/2012/10/26/lklv-goodman-spain-recession-neighborhood.cnn