EU Economy Chief Sees Agreement on Recovery Fund in July

The transcript discusses the European Union's plan to issue €750 billion in joint debt to finance recovery efforts. Despite some smaller countries' opposition, the proposal is expected to be approved after negotiations. The EU plans to introduce new taxes, such as digital and financial transaction taxes, to repay the debt over a long period. The awareness of a shared future and economic prosperity is seen as a key factor in gaining approval. The timeline for agreement is expected by July, with implementation starting in January.

How does the repayment timeline of the financial tools affect the burden on finances?

What are the two groups of potential new own resources discussed?

What timeline is suggested for the agreement of the European Council regarding the proposals?