US Elections, Trade Tariffs & Housing Costs in Denmark: LWID S2E6

In this episode, our two hosts finally met up in Aalborg to discuss the ongoings in Denmark in person, for some unscripted thoughts on Aalborg, updates on LWID and the political landscape of Europe and North America in general.

Topics covered in today’s podcast:

• The future of Last Week in Denmark (01:10)
• The upcoming Trump presidency, and what that means for Denmark (03:07)
• Potential impacts of tariffs on European products from the Trump administration (05:52)
• The upcoming EU presidency and the war against doomscrolling (18:00)
• Thoughts about rising interest rates and inflation (20:35)
• Calling our listeners to join the podcast! (28:14)

If you would like to be a part these podcasts discussions, or if you have any suggestions on the themes you would like to hear Arun and Narcis discuss. If you're interested, please send an email to lastweekdk@gmail.com!

Note: This podcast episode covers discussion around the Last Week in Denmark (03.11-10.11) Episode 38 Year 4 newsletter update.

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Chapters

• 1:43 The future of Last Week in Denmark
• 3:40 Thoughts on the Trump Presidency 2025
• 6:25 Impact of potential EU tariffs
• 19:40 The war against doomscrolling
• 22:15 Thoughts about rising interest rates and inflation
• 29:54 Join our podcast episodes!

Transcript

Arun: Hello, folks. 

Narcis: Hello. Long time no see. Well, since last week at least.

Arun: This is the first time ever we tried something new. Completely new, that I am actually showing up on a face to face interview with the man himself, Narcis.

Narcis: Well, welcome to Aalborg. I mean, I know it's hard for you guys down there in the capital to come and see the rest of Denmark. You know, there's more to Denmark than just Copenhagen. But I'm happy that you got a chance to come and see Aalborg. I hope today you'll get to see it a little bit and understand why he has been called for so many decades. Paris of the north.

Arun: Paris of the north?

Narcis: Yes. 

Arun: Do we really say that?

Narcis: Yeah.

Arun: Okay. To the audiences out there, Aalborg is a really nice city. I've been on my first ever journey with a purpose and today I guess this is going to be a raw conversation. As usual, the agenda is simple. How was last week?

Narcis: How was last week for me? Well, we worked really hard to start this referral campaign for Last week in Denmark because now, before Christmas, we thought, okay, we stand in a really good space in the sense that there is a chance that the Ministry of Culture might see us as a valuable service and then provide us with funding so that we can actually have some sort of an income, have some people hired. Then the Last Week in Denmark doesn't depend so much on my person moving forward. If we have some people hired who will be running it, then it'll simplify things. Because right now it obviously depends on me. So if someone rolls over me with a car tomorrow, then I don't know what's going to happen next. So that's why we are now trying to get more people to subscribe to Last Week in Denmark, because it will matter when they assess our case. They will look, okay, is this something that people really want? Is this something that people really need in Denmark? Is it worth spending taxpayers money on this project? So thanks to Bloomtree Technologies, we got some donations of really cool iPads and laptops that we can give to people.

Arun: That's an amazing initiative by the way and thank you for enlightening me. Today I would say I had a busy week, but despite the fact that I had a busy week, I also really feel being in Aalborg and meeting Narcis, it's a good feeling that I have meeting you in person and also doing this on a physical setup than the virtual ones with the headphones and floodlights and whatsoever that I've been doing the past couple of episodes. We will start with, for the users, the big story of the week, which was Trump's election, the US election, Trump being elected as a president and what impacts do we in Denmark could feel. And that was the first point of topic we would like to touch.

Narcis: Well, as I said to you earlier when we were discussing before we start filming, it really depends if Trump will actually put in practice from January when he starts his mandate, if he will actually put in practice any of the promises made. Because it's, it's, maybe it was just promises during the campaign, to get the Republican voters to support him and get him elected as president. Will he actually make them reality? Maybe, maybe not. Maybe he'll be more focused on the, they say that he has a revenge plan against all those people who try to imprison him. 

Arun: Okay. 

Narcis: So he's planning probably to go after them and if he's going to be busy with internal wars and witch hunting, that'll be good for us because then he doesn't have time for real policy. So. But yeah, simply the question is if he will do what he promised, there's one situation. If you will not do what he promised, well that's good for us. But if you'll do what he promised, then, then we have issue.

Arun: And what would that issue be? Is it, is it going to hit us in the economy or is it going to hit us in terms of relationship with NATO? I don't know what, what to think about.

Narcis: There's really lot of aspects.

Arun: Yeah, yeah. Because I as an expert I actually read an article about Trump challenging the amount of funding that is being invested in Europe, Europe especially and she was challenging about we spend 4 percentage in US and rest of the Europe is spending only certain percentage and he hates that. So let's start with NATO for example. Will that be a hit because he is now the president or...

Narcis: Well, in, in NATO, to be honest, European countries have for long kind of depended on US for military protection. They knew that US is more hawkish, they're more willing to invest of money in their developing their army. And that meant that in Europe we didn't have to try so hard. So that meant that money that normally would have gone to developing the military, investments in the army, went instead in schools, in healthcare. So yes, US is a very capitalistic country with a lot of money they put into military. But at the sametime, thanks to that we were able in Europe to develop welfare societies where we focused more on people's development and less on armies and other things that don't... because think about it, money invested in army is about managing risk. You don't know if those money are going to anything, right? Let's say I invested now in 100 tanks, but those tanks might never be used. Is that a good or a bad investment?

Arun: Bad investment, absolutely.

Narcis: Yeah, but if you don't have those 100 tanks and then Russians come...

Arun: Yeah, but...

Narcis: It's managing risk. 

Arun: I mean, yeah, but prevention is better than cure. But in this case it's an expensive prevention. I would say, at least seen from my perspective though. Okay, now one is not two. Let's talk about the other aspects. What about economy?

Narcis: Well, in terms of economy, the most concerning thing for us, actually for us, for Denmark there are more than one, but the first one will be tariffs. So if Trump really puts 10% on European products like he promised, that means that European products sold in the US market will be 10% more expensive. And for some, 10% is all the margin they have. Actually after all the costs and everything, they only remain with 10%. So if you take that 10% away, then many small and medium companies for start, they cannot export to US anymore because it will not be sustainable. That's one, that means they lose an important market, so now they have to find a different way or to stop that activity or to fire people. That's why we're talking about the losses in the billions and the losses of jobs because people have to be fired if they don't work anymore with that market. Right? Then you have to think of, of the larger companies who are selling a lot of products on the US market. For example, think about the pharma industry, right? They depend on the US market severely. So now imagine that because you know that Novo Nordisk, for example, right? We in Denmark, we depend a lot on Novo Nordisk. It became like our Nokia, you can say.

Arun: Yeah, Nokia or Finland. 

Narcis: Exactly. But the problem is that if Ellie, their competitor in US gets cheaper because of these tariffs, then Novo Nordisk will have a hard time keeping up with Ellie. That means the whole development stage of Novo Nordisk, hiring more people, opening new factories... Unless they switch focus to, I don't know, Canada. But they are not that fat. So maybe who else has problems with obesity in the world and affords. Because actually the price for the same medicine in Europe is three times or four times cheaper than what they sell price in US. 

Arun: That is true.

Narcis: Because, well, it's a European market. So of course they're going to be biased towards their own, right?

Arun: But can we say Europe is more regulated in terms of pricing strategy? And US on the other hand has, let's say the policies that doesn't help these pharmaceutical companies regulate it better. I don't know.

Narcis: No, you can say...

Arun: That could be reason why they hire. Maybe there is a lobby in between or layers in between that goes with insurances or... 

Narcis: There are rules about how high you can price something. Unfortunately those rules are not very specific, very strict. But in Europe what we have is the fact that the state pays part of your medicine. Especially in Denmark, so...

Arun: Exactly.

Narcis: In Denmark you never pay the real price of medicine. Yeah, you might think, but no, it's a lot cheaper than what you should be paying.

Arun: Yeah. 

Narcis: That is because the state pays part of it. .

Arun: Correct.

Narcis: Not because you have insurance or anything. Anyone who pays medicine buys discounted medicine already by the state. And then if you have all sorts of special conditions, it can even get to zero, because...

Arun: It is, that is true because I, I frequently buy a medicine and then I get some points added up at some point. The amount of money that I spend is seldom that I feel like why do I have to lower? Because the, the points for me has added up so I could get it in a completely like zero cost at certain, certain frequencies. And, and, and that, that goes by how Denmark lives with this example of welfare society.

Narcis: But it's not just Denmark, to be honest, I think medicine is discounted all over Europe. Tools differently levels depending on the state affordability.

Arun: Right. Okay.

Narcis: But the point, the idea is that first of all the price is lower because it's produced in Europe. And when it was produced in Europe, I'm pretty sure Novo Nordisk had some support from the states, state grants, EU grants and so on. And, and most likely they have signed some again, like let's say, okay, we will use your money to make this, but we will not sell it over this. Yeah, there is, there is some deals that most likely we don't know and probably will never know about. But the point is that that's why in Europe is cheaper than is in US and if they lose the US market that can be a huge impact for us. Right. Because think about Denmark right now. Denmark stays above the fact, like it actually has a growth, economic growth thanks to the fact that we have this very strong pharma industry. Otherwise we will be sinking like Norway and Sweden doing right now. It's not going great for them, not even for Germany. Look what happened now with rolls back and they had to close two factories, cut salary by 10% to all the employees.

Arun: And is it also for the electrical company? Not all? I guess it's also for the EV market in Sweden, that is going a bit below.

Narcis: Yeah, I mean, I mean think about what there was this discussion about the fact that there is in Sweden, there's the only European producer of batteries.

Arun: Right.

Narcis: And we, Denmark and especially the pension funds have invested a lot of money into that because, well, it's batteries. I mean, it's no brainer. Well, no brainer or not, we lost billions already because they're not selling. Simply the batteries are made somewhere else cheaper, so it's not going that great. And talking about green and batteries, another thing that can be problematic is not just the tariffs, is the policy of US regarding green transition. Think about it. We in Denmark, besides pharma, our second or most equal, let's just say things that we keep innovating on green transition, we keep coming up with new technologies, with innovations on this field and we sell them to the rest of the world, especially to US. 

Arun: Yeah. And is it the largest market by far for Europe or is it also the Asian market?

Narcis: It is bigger than Asian one.

Arun: Okay.

Narcis: Yeah. So then you buying power is higher.

Arun: Yeah, yeah.

Narcis: The regulations in the market are easier. And it's one market. You cannot call Asia one market. It's too fragmented. 

Arun: I know Denmark has made a green strategic partnership with countries like India, right?

Narcis: Yeah.

Arun: And they have set up a lot of eco greener parks and restorations, offshore wind farms for example. And that goes by, let's say looking at the landscape of India, there's eastern, southern-eastern coast where I come from, and then northwestern coast, which is also like ideal investment for scaling the businesses, right? And I could imagine if that is the case with the US it is a huge business selling sustainable solutions.

Narcis: Exactly. But you have to think about that now, Trump said 'we will not allow any more windmills to be erected on the US territory.'

Arun: How true can it be? Because policies, not specific that he makes, but he also mentioned about EV. He himself, one of his campaigns mentioned, we will not allow EV. We want to sell fuel. And what? What did he say?

Narcis: Yeah.

Arun: Can you repeat? And he has a point though. But I'm not completely denying the fact there's a lot of jobs where people are working in oil rigs and people that produces, let's say even today there are jobs being allocated for thousands of people. They could behit. They won't be able to find employment.

Narcis: It was the same when they closed the coal mines.

Arun: Yeah, yeah.

Narcis: Thousands of people lost their jobs.

Arun: Yeah. But he can't just deny the fact that EV is the future. And he can't just glorify that. 

Narcis: But he can. He has the power to influence policy and he has the power to take US out of any like international agreements on climate change. It can be for four years, maybe only, but four years is a huge time. It's a long time in business.

Arun: It is, it is. And it is his last term. Hopefully one way it is good that we only have four years, but... 

Narcis: It's still four years. And four years without selling windmills, without selling green technologies, without selling electric cars. That means a lot of loss for the companies. So most likely everyone has to find - well, again, only if he actually puts anything that he says in practice. 

Arun: True. 

Narcis: He might be so blinded by revenge. I hope to God that he will be more focused on hunting his own enemies, that he'll be busy. So by the time he actually finishes hunting the people that he wants to revenge on and, and start doing policy work, time has passed. [laughing] So... but again, the risk is real because unfortunately this time he actually has a professional team running his campaign and that professional team will be put in key positions in government, in the federal government. So if he gives them mandate to play with policy, ah, that's not great for us. 

Arun: Yeah, yeah.

Narcis: Because last time he, he had a chaotic team, all sort of right wing media legends and so on, but they had zero policy knowledge. Those people were good at talking to people, they were good at making people like excited, but they had no idea how policy works. But unfortunately this time he actually has policy people who, nobody knows who they are, you don't know who his staff is. Before you could know it was Steve Bannon, he was, everyone next to him had a name. But think about now. Do you know anyone that's next to him?

Arun: No, I know only one person. She is the second woman who has an Indian descent. And that's the only information I have. [laughing]

Narcis: You don't even remember her name.

Arun: Sorry, that's how it is.

Narcis: You see?

Arun: I mean, Elon Musk is...

Narcis: Elon Musk? 

Arun: Yeah. You know the funny conversation with him and Elon with, with North Carolina's flood issue? He was having a teleconference with Elon to just fix that issue, which is great that there is a satellite, the Starlink connection to all these areas, but that is a sensational news that a potential president is talking before even he's getting elected as a president, and he's trying to make a deal with North Caroline to fix things. And I was like...

Narcis: Well, Elon was kind of the only, let's just say, tech entrepreneur or tech billionaire who was willing to kind of make himself a joke because that's what he became on the global stage now. 

Arun: Yeah.

Narcis: I mean, come on. Well, like your dignity just took a...[laughing]

Arun: I was surprised. 

Narcis: I'm sad because he, he inspired a lot of people to go into the tech entrepreneurship. He inspired a lot of people to dream and put their dreams in reality. And now he's just destroying that image. It's simply taking it and just crushing it down with every occasion he gets.

Arun: And let me remind you, social media plays a huge role in this campaign. Guess what? Podcasts are huge influences. X is another platform where he could actually spread information like forest fire. And these two things became reality of why Trump won this election, to be honest. That's a strategy that they actually planned for, I guess.

Narcis: Why he won... to be honest, why he won is connected to the fact that we developed algorithms on social media and we have taught those algorithms to only promote and put in front of people things that will make them react. And what makes them react is things that make you either angry, things that can...

Arun: Controversial, right?

Narcis: Controversial, yeah.

Arun: And people like to see controversies.

Narcis: Yes. And that meant that people that normally, in the old society, before the Internet will have never had a chance to be even, will be the joker of the town. Would be that crazy man that keeps talking in the corner of the village some bullshit about, I don't know, the world is coming to the end. Yeah, he was always, they were always there, but now they were empowered by the algorithm and out of nowhere, from being the joke who always keeps telling people that the world is coming to the end, now they are the ones talking. Exactly. And then whatever they are saying, they are kind of getting... because the problem is like this Imagine that we are kind of establishing our own reeducation programs in our own phones. Right? So first we hear one person, one line. Crazy line. Okay. But then we hear 2, 3, 4, 5, 6, 10. The same. Because the algorithm keeps giving us the same thing that I like before. Even though it might be different people, it just keeps reinforcing the same statement again and again. And then, without even wanting, in the back of your head... 

Arun: Subconsciously you're driving this.

Narcis: Yeah. You're attracting it and, okay, that's how it is. And then you wonder why, I mean, the algorithms right now are a problem. The fact that we are in this curse of endless scrolling on our phones is a problem. And I'm happy that in Denmark we realize this is a problem. I think Denmark, now that we're gonna have the EU presidency next year, we're gonna have a chance to try because our digitalization minister said very clearly 'We want to handle and put an end to endless scrolling.' So basically, they want to kind of terminate the fact that the social media companies are able to give you another video after one is done. Oh, so basically the moment you have seen a video, you should search for the next one. It shouldn't come automatically, that shouldn't be allowed.

Arun: But isn't it against the theory of feeds in social media in general? Because that is actually defying the algorithm. But I guess, what?

Narcis: Either that or right now, I mean, look, we are in this war against screens in Denmark, like drugs used to be in the 80s, now it's screens. And let me tell you, screens are more dangerous to human mind than drugs.

Arun: Yeah, yeah.

Narcis: Any, think of any drug you want, you will not be as, god damn, I mean, look at... ask how many people take their phone in their hands, sit down on the couch and three hours later, like wtf?The time flies fast.

Arun:  Yeah, yeah, yeah.

Narcis: What have you done? Nothing.

Arun: Just scrolling. It's called doom scrolling. 

Narcis: Yeah, you do. It's dangerous. We never really understood.

Arun: It's not a binge watch anymore.

Narcis: No, it's even worse. At least in the goddamn binge watch, maybe the TV goes off or it's, you know, at least there are more people so you can fight over, okay, I want to watch now, now it's your turn to watch. 

Arun: And you also have a safe distance, so it's not like back to the eyes. And that's another story, by the way.

Narcis: Yeah.

Arun: But yeah.

Narcis: It had its own issues as well, binge watching. I mean, I'm not saying it's safer or something, but I'm just saying that we need to understand that the algorithm, yes, it has brought a lot of technological advancement, but anything, a lot of technological advancements in the past have brought a lot of positive growth for humanity. But at the same time, every technological advancement we've had has over also brought negative things.

Arun: Absolutely.

Narcis: The only reason why we have climate change today is because we industrialised ourselves. If we didn't do that, we will not have this issue today. It was great for us because it took us out of medieval times.

Arun: Yeah.

Narcis: But what was the price? 

Arun: But the point is every developing nation, for example, like now in developing countries, industrialisation is part of the development and we are bound to take that route. But at some point, developed countries realise what fucked up life we have. Now we have to go back and then revisit our policies and revisit what is good for the society. And I think it's time for also for developing countries to keep in mind that they can't just do the things that they're doing right now which, which will be taking its own course to reform. But yeah, that is one aspect. Now talk, let's talk about housing.

Narcis: Housing?

Arun: We did talk a lot about housing in the previous episode. I want to dive deep into mortgages specifically, and something that popped up in the article. Could you enlighten us with...

Narcis: No, what I mentioned in the Last Week in Denmark, in the newsletter is that, well, obviously people buy houses whenever they want to buy houses, regardless where the interest rate is at.

Arun: Right.

Narcis: So a lot of people have bought more houses when the mortgage rate was at 6%.

Arun: That was in 2020. Ish. After the pandemic?

Narcis: Yeah, no, it was not long ago. It was maybe nine months ago.

Arun: Was it six percentage? Nine months ago. Wow. Okay. Okay. That's a.... I mean when I moved to Denmark, 2019, I saw 1, 2 percent. And then within three years and after the pandemic especially the, the price went like crazy. People are talking about 5 percent. It's still comparatively low compared to India, but then 5%, big number.

Narcis: Yeah.

Arun: And I heard stories, people say it was a negative interest back in the days. Yeah, now it's five. But that's a lot. And now you say six. Okay, so what, what do we do?

Narcis: So what, what happened is those people who got it with six, now they have the chance to re, let's you say, refinance their loan with a 4%.

Arun: How is that possible?

Narcis: Because now you can just take a new loan with 4% and pay the old loan off.

Arun: Ah, can we be with the same bank or you have to find a new bank?

Narcis: Same bank. 

Arun: What is the benefit of the bank then? Why would they do this when they already have a good 6 percentage?

Narcis: They cannot stop it.

Arun: Yeah. So there's a choice that they have given to the consumers.

Narcis: It's not, I mean, I'm pretty sure it was regulated by the state. That's sure. Let's say to the banks - I've given the choice to the consumers. [laughing]

Arun: No, that's a curiosity. [both laughing]

Narcis: Because, you know, they want to make less money. Oh God, no. I mean, yeah. The point is that a lot of people now are waiting because a lot of people also took loans with 5% because after six it came five, obviously. So now for them switching to 4% is not worth it because you also have to imagine that they have to pay the interest difference. So it has to be long, like large enough for you to make this investment because it will take part of your loan go just to pay interest rate for the old loan.

Arun: Yeah, yeah, yeah.

Narcis: So, so right now a lot of people are waiting for 3.5 and the chances were that we should be able to reach 3.5 by December.

Arun: How certain are you like...?

Narcis: Problem is now that depends on how certain the tariffs are going to be in US problem is US market or the US dollar to be more precise, defines most of more or less the world. So let's say that if the, if the treasury or the national treasury in US or the central bank, you can call it Federal Reserve, when they decide to lower interest rates, then what happens next is that we in Europe at the European Central bank lower interest rates and then the Danish national central bank lowers interest rate. If the US market does not just the tariffs but also the tax cuts because they, they, Trump promised that he's going to cut all taxes, which means, so people have more spending money. What happens when people have more spending money? Inflation.

Arun: Yeah.

Narcis: So if inflation is pushed back up, then US has no reason anymore to keep cutting down the interest rates. So means they could be frozen at 4% as it is now. So we, then the central bank in Europe also will not do that further either, even though our interest, our inflation in Europe is close to zero. So, so that's the problem right now that we, that we have is that we depend on the Americans. I don't know why, to be honest about that. I think we need a financial specialist to explain to us. But we depend on them. That's the reality.

Arun: But this election result could also heavily impact from, let's say January, for example.

Narcis: Not that early, too early.

Arun: Okay.

Narcis: Whenever the first policy let's just say he decides to actually go for it, he sets up a policy strategy, he makes, put some people in charge and then, then it's real.

Arun: And then it could go up. And that's the concern.

Narcis: He closed the door.

Arun: Yeah, yeah, yeah.

Narcis: So that's the problem. Like if you refinance yourself to a 4% from 6% and then you wake up that you, it will be smart because then you're at 4% and then it goes back to 6%. If you are a fixed rate.

Arun: Yeah.

Narcis: But if you go from some people, for example, you could be enticed to go from a fixed rate 6% to a variable rate 3%. Now you can find 3% variable rate. But variable rate means. Means that the moment the market goes crazy, you also go with it. Like I have a mortgage that's valuable, so I had to live through going from 1% to 5%. Yeah, that's how it is. It's the risk I assumed.

Arun: But that's also a calculated risk. For example, if things are going smooth, then you're probably going to pay less.

Narcis: Yeah, much less. Because people who are in fixed, they're fixed. So they have to refinance their loan to keep switching from one point. That's expensive. Correct. While I'm just following the wave.

Arun: Variable interest.

Narcis: Yeah, variable interest can be dangerous, but can also be beneficial. So it's just up to your level of how much are you willing to take a risk again.

Arun: And when you say risk taking, it's also like a matter of being able to be also future perspectives. We take 10 years from now, it could be a huge difference in terms of 4% in 10 years to 2% 3 years.

Narcis: I can always switch to a fixed one if I feel like I don't want to take the risk.

Arun: But this is also a little volatile period. That is also why it becomes like a topic of discussion. Because there's a lot of global politics, elections in US, war, and a lot of things. These geopolitical situations impact huge, right?

Narcis: You can think that, oh, we are in our own country, we make our own laws and we have our own life. No.

Arun: And what could be the next pandemic that could also challenge the states. And that's also another debate. It is always the case, at least.

Narcis: We live in a connected human, global society. Anything that happens anywhere that's large enough to affect the whole planet, it will affect the whole planet. The, the borders that we keep finding, some people find pride in, they will not stop the pandemic. They will not stop a financial crisis. They will not stop a war. You know, that's how it is the reality of things. So that's why we have, we as citizens of the world, we should care. Do I care enough if the situation is unstable in that part of the world? Yes, you should. Because if it gets too unstable, it will affect your own economy. Why? Because many people in Denmark, not only do they have mortgages and maybe have variable loans which can go up and down based on how the global economy is, but also they have investments. Many people can afford in Denmark to have investments. That's the reality of things. So many people do have an investment account. So that means also that our actions and the value of their actions follows also the global market and the global happenings, right? So if you have investments, you also should care. Okay. Okay. It's not going that great in that situation. So to be honest, I feel like we as Europeans had more to lose or to gain in the US elections than people from US almost, if you think about it, because for us, it impacts our pocket directly depending on what policies they do there. It's crazy.

Arun: Yeah. And that dependency on these, right? Two different continents. That's very, that's very interesting seeing from my Indian perspective. Of course it affects India also. 

Narcis: You are also connected.

Arun: Yeah, very connected, like trade, for example, of course we have a lot of exports happening to Europe, which is, which is a really good number. And of course we have a lot of solutions that come and we have a lot of workforces, Indian workforce outsourced. We are also connected in that way. So we are not in a different world.

Narcis: Okay.

Arun: Narcis, it was interesting to have two different conversations and we managed to pull this out. For the listeners out there, I probably would wish to, let's say, include a third speaker. If anybody is interested, reach out to me, or Narcis. We can have a good discussion if you have good interest in topics. We could also have a debate, kind of a setup.

Narcis: Of course, it has to be somehow related to the week that has passed.

Arun: Exactly. It has to be something relatable to the content that is made in Last Week in Denmark or something that helps audiences learn about, let's say, current affairs or geopolitics or...

Narcis: And remember, if you want to write for Last Week in Denmark, we always welcome people who want to write any topics that could be beneficial for the international community in Denmark. Because in the end, the reason why we make all this content is to empower internationals that live here in Denmark and to have, let's just say an easier sailing than the rest of us who came many, many years ago in here.

Arun: That being said, thank you so much for listening or watching. If you're in in your home, have a nice week and see you in another episode next week. Yes, bye!

Narcis: Bye!