EU Members Working to Speed Up Process on Banking Union: Dombrovskis

The video discusses the European Deposit Insurance scheme as a crucial part of the banking union, the impact of Brexit on financial regulation, and the UK's obligation to nominate an EU Commissioner. It also addresses the EU's economic slowdown and the need for a differentiated fiscal stance, urging countries with fiscal space to stimulate their economies while those with high debt should focus on reducing it.

What is the missing third pillar of the banking union discussed in the video?

• European Investment Bank

• European Stability Mechanism

• European Central Bank

• European Deposit Insurance Scheme

How does the video describe the expected relationship between the UK and EU in financial services post-Brexit?

• Completely independent

• Close cooperation

• No interaction

• Hostile competition

What legal obligation does the UK have regarding the EU Commissioner role?

• To nominate a new Commissioner

• To withdraw from the EU

• To hold a referendum

• To negotiate a trade deal

What is the expected growth rate of the EU economy mentioned in the video?

• 0.8%

• 3.0%

• 2.5%

• 1.4%

Which countries are mentioned as having fiscal space to stimulate the economy?

• Germany and Netherlands

• France and Portugal

• Italy and Spain

• Greece and Ireland