VOICED : Cyprus scrambling back from the brink of

The video discusses Cyprus's economic crisis, highlighting the impact on early retirees, the collapse of Laiki Bank, and the subsequent public protests. The recession led to a significant economic downturn, with forecasts slightly better than expected. The social impact is severe, with increased unemployment and reliance on food banks. Young graduates face high competition for limited paid internships, and the overall unemployment rate is high, forcing Cypriots to tighten their belts.

What prompted the individual to seek employment again after early retirement?

• He wanted to travel the world.

• He was bored with retirement life.

• He received only a small portion of his retirement funds.

• He wanted to start a new career.

Which bank collapsed and was taken over by the Bank of Cyprus?

• Laiki Bank

• Hellenic Bank

• Alpha Bank

• Eurobank

What was the government's financial measure on savings over €100,000?

• A 10% tax

• A 25% haircut

• A 47.5% haircut

• A 60% tax

What percentage of the population relied on food banks during the crisis?

• 3%

• 6%

• 10%

• 15%

What was a major challenge for young graduates like Talia?

• Lack of job opportunities

• High cost of living

• Limited access to education

• Inadequate healthcare