She says something like:

I cant stop laughing
now he's looking
how funny
now he's doing it again
if i was that guy, i would not take my dog for a walk
the cam is shaking , i can't keep it still
the guy is laughing himself
I need to get this (on cam), stop stop (me laughing)
now he's walking by himself, okay
he was not dead!

This is from Copenhagen, “Larsens Plads”/”Amaliehaven”, looking south.
http://en.wikipedia.org/wiki/Amaliehaven
The ferryboats for Oslo and Bornholm used to be there some years ago.
http://en.wikipedia.org/wiki/Bornholm

The tower at 0:03 is “Frelser Kirken” just beside Christania.
http://en.wikipedia.org/wiki/Church_of_Our_Saviour,_Copenhagen
http://en.wikipedia.org/wiki/Christania

Looking right/east, about 100 meters, you would see Amalienborg.
Home to the royal family
http://en.wikipedia.org/wiki/Amalienborg.

Looking left/west you would see the operahouse.
http://en.wikipedia.org/wiki/Copenhagen_Opera_House