Trichet Says Confident EU Recovery Plan ‘Will Materialize’

The transcript discusses the potential for a fiscal policy union in Europe, led by France and Germany, and the importance of this proposal. It highlights the cultural and historical processes involved, including the idea of creating a Minister of Budget for the euro area. The discussion also covers the technicalities of implementing such a union, the confidence in the proposal's success, and the economic projections post-COVID-19, emphasizing both quantitative and qualitative changes in the global economy.

In what ways does the speaker believe COVID-19 will impact the European economy?

What are the expected qualitative changes in the economy post-COVID-19 according to the speaker?