CLEAN : Spanish unemployment rate at record 27.16%

The video discusses economic challenges faced by Spain, focusing on austerity measures and labor market reforms. It compares Spain's situation with the UK, highlighting differences in unemployment and productivity. The video also touches on Italy's political reforms under Mario Monti and the importance of maintaining these reforms for economic stability.

What is one of the main challenges Spain faces in a single currency area?

• Devaluing its currency

• Implementing labor market reforms

• Reducing exports

• Increasing government spending

How does Spain's government budget deficit compare to that of the UK?

• It is significantly larger

• It is roughly the same size

• It is significantly smaller

• It is not comparable

What has allowed the UK to maintain high employment despite low productivity?

• Strong export growth

• Flexible labor markets

• Low interest rates

• High government spending

What is the best course of action for Italian politicians regarding Mario Monti's reforms?

• Undo all reforms

• Maintain and build on the reforms

• Ignore the reforms

• Implement new unrelated reforms

What is a positive aspect of Italy's current economic situation?

• It has already dealt with much of its austerity

• It has a very low unemployment rate

• It has a high level of austerity to implement

• It has a rapidly growing economy