Draghi pide un fondo de la UE como colchón anticrisis

The transcript discusses the ongoing challenges and debates within the European Union regarding fiscal capacity and governance. It highlights past comments and reports advocating for fiscal reforms, the push by Emmanuel Macron for a fiscal capacity, and the resistance faced, particularly from Germany. The discussion emphasizes the importance of implementing changes during crises, as seen in past economic improvements. It also explores different fiscal tools and the debate on risk reduction versus risk sharing. The urgency for common fiscal governance is underscored by external global risks and the need for economic resilience.

Discuss the potential forms that a common fiscal capacity could take in the euro area.

What external risks are threatening the economic recovery of the euro area?