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.

What factors contribute to the slower reform processes in France and Italy?

In what ways are political forces in Europe becoming more unpredictable?