EU Economy Chief Sees Agreement on Recovery Fund in July

The transcript discusses the European Union's plan to issue €750 billion in joint debt to finance recovery efforts. Despite some smaller countries' opposition, the proposal is expected to be approved after negotiations. The EU plans to introduce new taxes, such as digital and financial transaction taxes, to repay the debt over a long period. The awareness of a shared future and economic prosperity is seen as a key factor in gaining approval. The timeline for agreement is expected by July, with implementation starting in January.

What is the main purpose of the €750 billion joint debt issuance by the EU?

• To support educational programs

• To fund military operations

• To aid in economic recovery

• To finance healthcare improvements

How did the majority of Member States react to the European Commission's proposal?

• They rejected it outright

• They were indifferent

• They showed a willingness to negotiate

• They fully accepted it without changes

When is the repayment of the financial tools expected to begin?

• 2025

• 2028

• 2030

• 2050

What type of new taxes is the EU considering to finance the repayment?

• Digital and environmental taxes

• Property taxes

• Luxury taxes

• Income taxes

What has increased the awareness among Member States about the need for a common fiscal tool?

• A recent economic boom

• A terrible crisis

• Pressure from non-EU countries

• A change in leadership

By when is the agreement of the European Council expected?

• September

• June

• July

• August

When will the fund linked to the multi-annual budget of the Union be in place?

• April 1st

• March 1st

• February 1st

• January 1st