News Report

Intermediate level

Greek finance minister resigns after 'no' vote

Episode 150706 / 06 Jul 2015

Step 1: Listen

You're going to hear a genuine BBC news report. Before you listen, read these three summaries.

a) It's believed the resignation of Greece's finance minister Yanis Varoufakis will help towards finding a solution to the country's debt crisis.

b) Greece's finance minister Yanis Varoufakis has resigned because the people of Greece voted against the terms of a financial bailout.

c) The resignation of Greek Prime Minister Alexi Tsipras might help secure a solution to the country's financial crisis. 

Now listen and decide which one is correct. Listen again if you need to.

Step 2: Learn the key words and listen again

How was that? Try listening again. Here are five definitions of key vocabulary which may help you.

bailout
help or a loan that is given when someone is in a very difficult situation that they cannot solve by themselves

resigned
officially stopped doing his job

abandonment
being left alone

creditors
people or companies who are owed money

summit
an important meeting (between government leaders from different countries)


Step 3: Transcript and answer

Still not sure? This time you can read the transcript. The answer's underneath.

Within hours after the people of Greece voted against the terms of a financial bailout, the country's combative finance minister, Yanis Varoufakis, has resigned.

He said he'd been made aware that some Eurozone members didn't want him at ministerial meetings and, because of that, the Greek Prime Minister, Alexi Tsipras, felt his resignation would help secure a new deal.

Eurozone ministers have been giving their reaction to the Greek vote. The German economy minister, Sigmar Gabriel, accused the government in Athens of leading the Greek people down a path of abandonment and hopelessness. The French finance minister, Michel Sapin, called on the Greek government to make new proposals for a deal with creditors.

Chancellor Merkel of Germany will meet the French president, Francois Hollande, later today to discuss the crisis, and there'll be a summit of Eurozone leaders on Tuesday.

Answer

The correct answer is:
a) It's believed the resignation of Greece's finance minister Yanis Varoufakis will help towards finding a solution to the country's debt crisis.

This bulletin comes from BBC World Service Radio

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