Denmark's Jensen: Curb Extra Public Welfare Spending

The video discusses Denmark's large public sector and the need to control spending to remain competitive. It highlights the risks of protectionism and isolationism, emphasizing Denmark's reliance on free trade. The video also explores the potential economic uncertainty caused by populism and protectionism, drawing parallels to historical events in Europe. The impact of Brexit on the EU budget and Denmark's stance is examined, along with the UK's future market access to the EU. The video concludes by stressing the importance of obligations and benefits in international trade agreements.

What is one of the key strategies Denmark needs to adopt to remain competitive?

• Reduce taxes

• Focus on quality education and healthcare

• Increase public spending

• Expand the military budget

Why is free trade crucial for Denmark's economy?

• Denmark has large multinational corporations

• Denmark relies on exporting services and products

• Denmark has a surplus of natural resources

• Denmark is a self-sufficient economy

What historical period is referenced as a warning against protectionism and populism?

• The 1990s in Africa

• The 1980s in Asia

• The 1960s and 1970s in America

• The 1920s and 1930s in Europe

What is a potential consequence of producing goods exclusively within one country?

• Increased product prices

• Lower production costs

• Higher product quality

• Faster production times

What is a financial challenge for the EU after Brexit?

• Increasing agricultural subsidies

• Maintaining the same budget with fewer contributions

• Expanding the EU membership

• Reducing trade with non-EU countries

What must the UK do to maintain market access similar to Norway?

• Adopt the Euro currency

• Pay into the EU budget

• Close its borders to EU citizens

• Increase tariffs on EU goods

What is the stance of Denmark regarding the EU budget post-Brexit?

• Withdraw from the EU

• Cap and reduce EU budget expenditures

• Ignore the financial implications of Brexit

• Increase contributions to the EU budget