Europe Headed for a Japanese-Style Lost Decade: Greene

The video discusses economic challenges in the eurozone and Japan, focusing on the need for structural reforms and monetary policy adjustments. It highlights Germany's role in the eurozone crisis and Japan's recession due to tax hikes. The difficulties of implementing structural reforms are explored, with examples from Spain and Ireland.

What is considered the biggest threat to the global economic outlook according to the discussion?

• The decline in oil prices

• The rise of emerging markets

• The Eurozone crisis

• The US-China trade war

What might cause German policymakers to reconsider their approach to the Eurozone crisis?

• A technical recession

• A real recession with high unemployment

• Pressure from the European Central Bank

• A change in government

What economic measure in Japan is causing concern due to its long-term effects?

• Increased government spending

• Currency devaluation

• VAT hike

• Interest rate cuts

What is a major challenge in implementing structural reforms in both Europe and Japan?

• Lack of political will

• Lack of public awareness

• Insufficient financial resources

• Opposition from international organizations

Which country is mentioned as an example where labor reforms are starting to support growth?

• Ireland

• Italy

• Spain

• Germany