EU Leaders Approve Historic $2.2 Trillion Stimulus Plan

The video discusses the EU's agreement on the budget and recovery fund, resolving a standoff with Hungary and Poland. It highlights the EU's commitment to a 55% emissions reduction target by 2030, compared to 1990 levels, which has increased the EU carbon price. The video also covers Poland's concerns about the impact of these targets on its coal industry and the need for financial support for a greener transition.

What was the main reason Hungary and Poland threatened to veto the EU stimulus package?

• Lack of support for their industries

• Conditions surrounding the allocation of funds

• Concerns about the EU carbon price

• Disagreement over the emissions target

What significant emissions target did the EU leaders commit to by 2030?

• 45% reduction from 2000 levels

• 50% reduction from 1980 levels

• 55% reduction from 1990 levels

• 60% reduction from 1995 levels

Which countries are particularly relieved by the European Recovery Fund agreement?

• France and Germany

• Netherlands and Belgium

• Hungary and Poland

• Italy and Spain

Who played a crucial role in brokering the compromise for the European budget?

• Angela Merkel

• Viktor Orban

• Ursula von der Leyen

• Emmanuel Macron

What was a major concern for Poland regarding the climate agreement?

• The impact on their coal industry

• The lack of a clear emissions target

• The high cost of carbon credits

• The exclusion from the Recovery Fund