EU Working to Boost Global Role of Euro: Dombrovskis

The transcript discusses the European Commission's priorities, focusing on strengthening the euro's role as a reserve currency and enhancing its attractiveness in international trade. It also covers EU-US trade relations, addressing concerns about tariffs and advocating for a multilateral trade system. The conversation shifts to environmental policies, including carbon taxes and border adjustments, and concludes with the European Green Deal's objectives, aiming for carbon neutrality by 2050 and significant investments in sustainable projects.

What is one of the main priorities of the new European Commission regarding the euro?

• To make it the largest currency in the world

• To replace the US dollar entirely

• To strengthen its international role

• To limit its use in international trade

What is a key strategy to improve the euro's attractiveness as a reserve currency?

• Developing a PAN European instant payments system

• Reducing interest rates

• Increasing trade tariffs

• Introducing a new currency

What is the EU's stance on the World Trade Organization?

• They want to abolish it

• They support its reform and multilateral rules

• They prefer unilateral trade measures

• They are indifferent to its role

What is the EU's approach to trade with the US?

• To maintain a strong transatlantic trade relationship

• To focus solely on digital trade

• To impose high tariffs

• To reduce all trade activities

What is the main goal of the European Green Deal?

• To increase carbon emissions

• To achieve carbon neutrality by 2050

• To reduce trade with the US

• To eliminate all taxes

How does the EU plan to finance the European Green Deal?

• By borrowing from the US

• Through increased taxes

• By mobilizing at least €1 trillion over the next decade

• By cutting public spending

What mechanism is being considered to prevent carbon leakage?

• Free allowances within Europe

• Carbon border adjustment mechanisms

• Increased subsidies for fossil fuels

• Eliminating environmental standards