EU's Moscovici on Libra, Digital Taxation, Global Economy, IMF

The transcript discusses the tensions between France and the US, focusing on concerns about the cryptocurrency Libra. It highlights the potential risks of Libra, such as money laundering and cybersecurity issues, and the need for regulation. The discussion also covers digital tax issues, the need for international cooperation, and the development of a corporate tax system for the digital economy. Additionally, it addresses monetary policy, economic risks, and the importance of fiscal policy coordination. Finally, it touches on IMF leadership and the significance of competence in international finance.

What are the primary concerns associated with the cryptocurrency Libra as discussed in the G7 meeting?

• It will strengthen the US dollar.

• It might encourage money laundering and corruption.

• It will reduce cybersecurity threats.

• It could enhance global trade.

What is the potential impact of Libra on monetary policy?

• It could stabilize monetary policy.

• It will strengthen monetary policy.

• It might weaken monetary policy.

• It will have no impact on monetary policy.

Why is there a need for an international solution to digital taxation?

• To prevent protectionism and ensure fair taxation.

• To increase national tax revenues.

• To promote digital economy growth.

• To eliminate all forms of taxation.

What are the two pillars mentioned for building a corporate tax system for the digital economy?

• Reduction of taxes and increased tariffs.

• Allocation of taxing rights and minimum taxation.

• Introduction of new currencies and trade agreements.

• Elimination of digital taxes and subsidies.

What is the European Central Bank's stance on monetary policy amidst economic slowdown?

• To focus solely on trade policies.

• To consider fiscal policy alongside monetary policy.

• To maintain current policies without change.

• To increase interest rates.

What is the tradition regarding the leadership of the IMF?

• It is always led by an American.

• It is traditionally chaired by a European.

• It is led by a representative from Asia.

• It is chaired by a rotating member from the G7.

What is a key criterion for selecting the new IMF leader?

• Demonstrating competence and diplomatic experience.

• Being from a non-European country.

• Having a background in technology.

• Having experience in the private sector.