Spanish Deputy PM Calviño on Global Economy

The transcript discusses global financial issues, focusing on debt restructuring, World Bank reforms, and leadership changes. It highlights the impact of the Ukraine conflict and the need for reconstruction efforts. The economic recovery and inflation management in Spain are also covered, along with global economic risks and central bank policies. The importance of cooperation among key creditors and the role of developing nations in shaping the future of global financial institutions are emphasized.

What is a key element in providing financial support to vulnerable countries?

• Technological innovation

• Tourism development

• Military aid

• Debt restructuring

What is the main concern regarding the World Bank's role in debt restructuring?

• Expanding its balance sheet

• Maintaining its AAA rating

• Reducing its workforce

• Increasing interest rates

What is a significant change suggested for the World Bank's leadership?

• Appointing a leader from the developing world

• Reducing the number of board members

• Focusing on European leadership

• Increasing the number of American leaders

What is the EU considering doing with frozen Russian assets?

• Returning them to Russia

• Investing them in Ukraine's reconstruction

• Using them for EU infrastructure

• Donating them to charity

What is the main focus for supporting Ukraine according to the transcript?

• Ending the war quickly

• Expanding trade agreements

• Increasing military presence

• Reducing sanctions

What has been a significant factor in Spain's economic recovery post-pandemic?

• Tourism growth

• Strong job market performance

• Reduced exports

• Increased taxation

What is a potential risk for Spain's economy mentioned in the transcript?

• Increased taxation

• Reduced exports

• Decreased tourism

• A stronger dollar