EU's Dombrovskis Says Trade Conflicts Raising Downside Risks to Economy

The transcript covers various global economic issues, including the impact of trade conflicts on economic growth, EU-China relations, and market access. It discusses efforts to strengthen the euro as a global currency and the implications of Brexit on financial regulation. Additionally, it addresses money laundering concerns and the need for stronger EU regulations.

What is the expected economic growth rate for Europe this year and next?

• 1.5%

• 2.5%

• 2.1%

• 3.0%

What is the focus of the EU-China discussions mentioned in the transcript?

• Environmental policies

• Military cooperation

• Market openness and financial sector reforms

• Cultural exchange programs

What is the EU's goal for the euro according to the transcript?

• To replace the US dollar

• To strengthen it as a global currency

• To devalue it for trade benefits

• To eliminate it in favor of national currencies

What is one of the main concerns regarding Brexit as discussed in the transcript?

• The impact on tourism

• The question of the Irish border

• The future of the English language

• The role of the British monarchy

What is the EU's approach to addressing risks from financial institutions?

• Ignoring them

• Strengthening legislative proposals

• Relying on national governments

• Outsourcing to private firms

What recent issue has highlighted the need for stronger anti-money laundering measures in the EU?

• Technological advancements

• High-profile money laundering cases

• Political elections

• Climate change

What is the role of the European Banking Authority in the new legislative proposal?

• To regulate environmental standards

• To manage tourism policies

• To strengthen anti-money laundering efforts

• To oversee cultural exchanges