Nielsen: Often Takes Crisis to Get Big Policy Reaction

The transcript discusses the economic decisions made by Iceland and compares them to France and Italy, highlighting the courage and reforms needed in larger countries. It also covers currency analysis using the Euro Icelandic krona as an example and explores the political dynamics in small versus large countries, emphasizing the unpredictability and challenges in implementing reforms.

Which countries are highlighted for their ability to make tough economic decisions during crises?

• Germany and Spain

• Portugal and Greece

• Iceland and the Baltics

• France and Italy

What economic indicator is used to demonstrate Iceland's economic resilience?

• Euro Pound

• Euro Yen

• Euro Icelandic krona

• Euro Dollar

How is Iceland's political nature described in comparison to France and Italy?

• More liberal

• More progressive

• More unpredictable

• More conservative

What is a significant challenge faced by France and Italy in implementing economic reforms?

• Lack of public support

• Absence of a deep crisis

• High inflation rates

• Strong opposition parties

What is causing uncertainty in the political landscape according to the transcript?

• Stable traditional parties

• Strong economic growth

• Introduction of new political forces

• Predictable political forces