EIB's Hoyer Says 'It's a Question of Days and Weeks' for European Companies

The transcript discusses the economic implications of the crisis in Europe, focusing on the need for solidarity among EU countries. It highlights the challenges faced by countries like Italy and the importance of financial support for small and medium enterprises. The discussion also covers the complexities of mutualizing debt within the EU and the legislative efforts required. Additionally, it addresses the balance between addressing the immediate crisis and maintaining the EU's green agenda. The role of the European Investment Bank in supporting recovery efforts is also emphasized.

What is a potential risk if European citizens do not feel solidarity?

• More trade agreements

• Higher taxes

• Loss of belief in the European project

• Increased tourism

What was the value of the financial package discussed in the EU?

• $200 billion

• $400 billion

• $600 billion

• $800 billion

What is a key priority for small and medium-sized enterprises during the crisis?

• Securing liquidity and bridge financing

• Expanding their workforce

• Increasing exports

• Investing in new technology

Why is it difficult for the EU to take up debt?

• The EU is not a state in the legal sense

• There is no need for debt

• Member States refuse to cooperate

• The EU has a surplus budget

What role does the European Investment Bank play in the current crisis?

• Financing research and development

• Increasing taxes

• Building new infrastructure

• Reducing interest rates

What is the European Investment Bank's ambition regarding climate?

• To focus solely on economic recovery

• To ignore climate objectives

• To become the Climate Bank of the EU

• To reduce funding for climate projects

What is the expected economic contraction for Italy according to the IMF?

• 7.5%

• 11.2%

• 9.1%

• 5.1%