► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Denmark's central bank is defending the krone's peg against the euro. Ferdinando Giugliano, economics editor, explains to FT Alphville's Izabella Kaminska how with eurozone quantitative easing around the corner we are entering a phase of competitive easing.<br /><br />► FT Markets: http://bit.ly/1J5HNd3<br /> <br />► FT Global Economy: http://bit.ly/1J5mmqH<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes