TRANSCRIPTION
The credit crisis began in 2007 because of a system of mortgages, established in The United States.
The American banks granted mortgages of high risk to people who couldn’t pay them safely. These mortgages, called 'subprime', were grouped as packages of financial products that were bought by investors from the whole world. These packages have provoked distrust and they have poisoned the financial world system, provoking a strong climate of distrust between the banks. Spain, as the rest of the world, realises that has this crisis on having more difficulties in giving loans to the companies and homes.
A part from the mortgages services, there’re other significant factors of the crisis, as the high prices of the raw materials, the over appraisement of the product, a food world crisis and a high inflation of the products.
One of the principal consequences of this crash on the Spanish economy is a strong growth of the unemployment, with nowadays, almost 4 million unemployed people. The construction’s sector is one of most harmed by the crisis because of the estate “boom”.
The effects of the economic crisis also have had a strong impact in the financial Spanish system. The bad conduct of the companies and the autonomous have led to the intervention of some financial institutions on the part of the State. The cause of the raise of the prices is the price of the oil, doubled in one year by the raise of the raw materials.
This situation, added to the increase of the prices of the food, has provoked a lot of problems that they’ve revolutionized all the country, as the important demonstrations of the transporters and the fishermen.
The raise of prices has provoked the downfall of the consumption. It supposes that there isn’t growth of the Spanish economy and with it the loss of thousands of companies, principally PIME companies, and working places.
Also, an important sector that also has very affected has been the stock exchange. People who was inverting in it, have lost a lot of money because of the bankrupt companies.
The crisis also has concerned the confidence between the banks. The problems in the markets have arisen for the distrust of the banks to lending money between them, because they don’t know if they will return the lend money and also they’re afraid that they’re exposed to the problems of the mortgages of high risk of The United States.
The government has adopt some measures to fight against this crash.
The Plan E constitutes an effort without precedents of support to the companies and, very specially, to the small companies. First, they will give a total amount of 17.000 million Euros and, secondly, were destinated 29.000 million Euros to facilitate the access to the credit of the companies.
The economic crisis, principally for the downfall of the sector of the construction, is specially intense in the unemployment. So, the Plan E introduces direct measures of impulse to the creation of employment, financing 11.000 million Euros with what 300.000 employments were recovering in the whole country. This one is one of the most important measures, because the unemployment is the factor that worries more in Spain.
Finally, I would say that it isn’t so clear, how the financial Spanish system will be able to confront the losses that it will present in the next years.The measures that the government adopts are not bad, but the problem is that the money that it finances to the banks does not solve the crisis because these banks do not want to give money to the people who need it. For this reason the economy is stuck and, although many politicians say that the crisis will be finished in the next year, is unlikely because, theoretically, the crisis had to finish this year.
Questions
Presentation; Did you use any resources? Yes, I used a PowerPoint with some pictures and graphics.
Were the resources relevant and attractive? Yes, I think that they were, because I tried to use some pictures that were demonstrating clearly about what I were speaking, and in this way, to make the comprehension easier.
Body language and eye contact; Did you look at your audience most of the time? Yes, I did but a lot of time I looked a lot the screen and my notes.
Did you read from your notes? Yes, it helped me to follow the PowerPoint.
Did you do any gestures/movement to hold the attention of your audience? Well, not much but when I speak, always I move a lot my hands.
Structure; Did you organize your ideas in order of importance? With these types of presentations you must order the information but not with their importance; there aren't any idea more important than other, apart of, for example, the situation of the country.
Did you use discourse makers to make your ideas more clear? Yes, I did discourse makers are a lot important.
Content; Did you introduce interesting, new information to your audience? Yes, I did. I think that all of the new information about any country is interesting.
Did you look up information/facts/ideas in the Internet/books...? Yes, I did. The most information that I gave, was in an Encyclopedia and in Internet also.
Was your information more superficial or more detailed and original? I think the information was more superficial. I tried to show the most important information about the crisis, because if I did it more detailed my Presentation would be longer.
Language; Did you check your grammar? Yes I did. But is difficult didn’t do any mistake when you speak.
Did you use rich vocabulary looking up the dictionary? I was looking up a lot the dictionary and I check a lot the different information extract from the Internet.
Did you use sentence linkers? Yes, I did.
Did you use fillers? Sometimes, but not at all.
Pronunciation & Intonation; Did you know how to pronounce all your words? No, I didn't, but I try to look for all words pronounces.
Did you check the pronunciation with a dictionary, a classmate or the teacher? Yes with some classmates.
Did you change your tone of voice or use a monotone tone all the time? I try it, but it’s too difficult when you're nervous!
Did you speed in a fluid continuum or with breaks and interruptions? At the beginning I speak too slowly and I break sometimes with interruptions the presentation, but later I can follow better my presentation.
Self evaluation; What mark did you get according to you? Well, I spent a lot of hours preparing my oral presentation however I did some mistakes; in my opinion an 8 is a good mark for me.
