Could common debt make the EU stronger? With Carlos Cuerpo

单集文稿 ...

• 00:00

  Europe today appears to be working backwards.

• 00:04

  That's what my guest wrote earlier this month in an op-ed for the FT.

• 00:08

  He wrote that the EU was debating all sorts of policy issues without the one thing that would make them all affordable.

• 00:15

  A collective form of credit that the world trusts.

• 00:19

  A strong statement there.

• 00:21

  Is the lack of a common credit instrument really the thing holding back the EU?

• 00:31

  This week, I'm going to ask that as well as a broader question.

• 00:36

  How can Europe start working forwards?

• 00:40

  This is The Economics Show with Zemeia Keynes, and I'm joined today by Carlos Cuerpo,

• 00:45

  who has been Spain's economy,

• 00:47

  trade and business minister since 2023 and who's joining me from Madrid.

• 00:52

  Carlos, hello.

• 00:54

  OK,

• 00:55

  so I want to ask you a question of whether you think the EU is living up to its potential as a geoeconomic,

• 01:05

  geostrategic actor.

• 01:07

  And this opening question of the show is always a bit silly.

• 01:10

  I'm going to ask you to answer on a scale of 1 to 10.

• 01:12

  So if 1 is completely ineffectual, less than the sum of its parts,

• 01:17

  and 10 is that it's completely living up to its potential, where does the EU sit?

• 01:23

  Well, it's a good question and not an easy one.

• 全部文稿