Spain's Calvino Targets Cutting Budget Deficit to 2% in 2019

The video discusses the potential impact of US tariffs on Europe, emphasizing the importance of preserving the multilateral trading system. It highlights Spain's economic resilience despite a European slowdown, with a focus on domestic demand. The discussion also covers Spain's future economic plans, upcoming elections, and the importance of inclusive growth. The video addresses concerns about the banking system, interest rates, and the need for monetary policy normalization. Finally, it touches on the lack of cross-country consolidation in Europe and the challenges posed by 'too big to fail' banks.

What is the main concern discussed regarding US tariffs on Europe?

• The effect on European cultural exchange

• The potential escalation of trade tensions

• The influence on European educational systems

• The impact on European tourism

How is Spain's economic performance described amidst the European slowdown?

• Spain's economy is declining rapidly

• Spain's economy is stagnant

• Spain is experiencing a significant economic downturn

• Spain is showing robust growth

What is the Spanish government's target for the GDP deficit this year?

• 2.0%

• 1.5%

• 3.5%

• 4.0%

What is a key focus of the Spanish government if they win the upcoming elections?

• Expanding the tourism sector

• Promoting inclusive growth and reducing inequalities

• Increasing military spending

• Enhancing agricultural exports

What is the concern regarding negative interest rates in Europe?

• They lead to increased unemployment

• They challenge some banking models

• They have no impact on the economy

• They boost inflation significantly

What is the Spanish banking system's current status after restructuring?

• It is unaffected by economic changes

• It is struggling with high losses

• It is showing positive indicators and profits

• It is facing a severe crisis

What is a surprising trend in European financial markets?

• Complete stability in interest rates

• Rapid increase in new banks

• Lack of consolidation across countries

• High levels of cross-border mergers