Dombrovskis Calls for Timely, Ambitious EU Fiscal Plan

The transcript discusses the EU's economic forecast, highlighting a deeper recession than expected and the need for a coordinated recovery plan. It outlines measures taken to address the crisis, including financial support and flexibility in fiscal rules. The need for compromises in EU budget negotiations is emphasized, with a focus on solidarity and avoiding economic disparities. The nature of the economic crisis is analyzed, stressing the importance of preserving economic capacity and supporting member states. Concerns about moral hazard and the necessity of a strong grants component in the recovery plan are also addressed.

What is the expected growth rate for the EU next year following the recession?

What role does the European Central Bank play in the economic recovery efforts?

How can the EU ensure that economic disparities among member states do not widen during the recovery?

What is meant by 'moral hazard' in the context of the economic recovery plan?