Portugal Finance Minister on Euro-Area Slowdown, Brexit, EU Banking Union

The video discusses the revised growth forecast for Europe, highlighting political risks like Brexit and Italian budget uncertainty. It emphasizes the need for preparation against a no deal Brexit, which could negatively impact the economy. The resilience of the Italian budget to economic shocks is questioned, with concerns about political stability and banking sector health. The importance of upcoming European elections and maintaining reform momentum is stressed. Finally, steps towards achieving the European Banking Union are outlined, focusing on building trust among member states.

What role do elections in May play in shaping the future of Europe?

What are the key steps needed to advance the European Banking Union this year?

How can trust among Euro area member states be built through concrete steps?