Ireland's Donohoe on European Gas, OECD Tax Agreement

The transcript discusses the European Union's response to potential gas embargoes from Russia, focusing on energy management strategies and the role of central banks in addressing inflation. It also covers considerations for a windfall tax on energy companies and developments in the OECD tax deal. The EU is taking steps to manage energy consumption and supply, while central banks are acting to mitigate inflationary pressures. The OECD tax deal faces political challenges, but progress is expected.

What is the European Union doing to prepare for potential gas supply issues from Russia?

• Increasing coal production

• Building up energy inventories

• Reducing renewable energy investments

• Relying on oil imports

What are EU governments advising citizens regarding energy consumption?

• To switch to coal energy

• To ignore energy supply issues

• To increase energy usage

• To manage and reduce energy consumption

What is one of the main focuses of the EU in managing energy supply?

• Building new nuclear plants

• Managing consumption and building inventory

• Importing more gas from the US

• Reducing energy taxes

What is the European Central Bank's role in dealing with inflation?

• To increase taxes

• To reduce interest rates

• To take necessary steps to manage inflation

• To ignore inflationary pressures

What is the Irish Government considering regarding energy companies?

• Subsidizing fossil fuels

• Nationalizing energy companies

• Implementing a windfall tax

• Reducing taxes on energy companies

What is the status of the OECD tax deal according to the transcript?

• It is facing no political challenges

• It is not progressing

• It is unfolding as expected

• It has been abandoned

What could happen if no progress is made on the OECD tax deal?

• It will have no impact

• It will lead to increased cooperation

• It will pose new risks and challenges

• It will strengthen the agreement