EU Looking to Support Equity of Virus-Hit Companies: Dombrovskis

The transcript discusses the EU's economic forecasts, predicting a 7.7% recession in 2020 and a 6.3% rebound in 2021. It highlights the impact of confinement measures and the importance of epidemiological forecasts. The EU's crisis response includes a €3.4 trillion mobilization and the development of a recovery instrument to increase the EU budget's financing power. The focus is on supporting equity investments in companies, especially in southern and eastern Europe, to limit economic divergence. The EU emphasizes a strong budget and investment strategy for 2021-2022 to ensure a balanced economic recovery.

What is the expected economic rebound percentage for Europe next year according to the forecasts?

• 7.7%

• 5.5%

• 8.1%

• 6.3%

How much has the EU mobilized in response to the crisis?

• €4.2 trillion

• €5.0 trillion

• €3.4 trillion

• €2.5 trillion

What is the main goal of the EU's recovery instrument?

• To reduce taxes across Member States

• To enhance the financing power of the EU budget

• To provide liquidity support to banks

• To increase the EU's GDP by 50%

Which regions in Europe are identified as having limited capacity to support their companies?

• Northern Europe

• Western Europe

• Southern and Central Eastern Europe

• Scandinavian countries

What is emphasized by the European Commission for economic recovery in 2021 and 2022?

• Privatizing public sectors

• Reducing government spending

• Increasing taxes

• A strong EU budget with a frontloaded investment component