Home Living Beyond Borders GZERO World Signal In 60 Seconds Puppet Regime GZERO World Podcast Contact Us About Us Careers Privacy Policy Terms

Larry Summers explains the banking crisis

April 16, 2023

GZERO Staff

Larry Summers explains the banking crisis | GZERO World

youtu.be

On GZERO World, Ian Bremmer and former US Treasury Secretary Larry Summers discuss a range of topics, including the global banking system, the impact of AI on the labor market, and a controversial solution for rebuilding Ukraine.

Summers, an expert on inflation, provides valuable insights into recent bank failures that have caused concern among investors worldwide. He discusses whether the current situation constitutes a banking crisis, explores the role that inflation is playing in contributing to the banking problems, and makes predictions about the duration of the current financial turmoil.

He and Bremmer also touch on the impact of AI on the labor market, with Summers warning of significant changes that will cause profound shifts in traditional hierarchies and ways of thinking, which may make influential groups uneasy.

Summers also offers a provocative solution for rebuilding Ukraine: seizing frozen Russian assets.

Note: this interview was featured on an episode of GZERO World with Ian Bremmer on April 3, 2023: The banking crisis, AI & Ukraine: Larry Summers weighs in

GZEROMEDIA

What We’re Watching: US’s Iran decision postponed, Court OK’s Trump’s use of the national guard in LA, Rwanda detains top opposition leader

A miniature statue of US President Donald Trump stands next to a model bunker-buster bomb, with the Iranian national flag in the background, in Kananaskis, Alberta, Canada, on June 19, 2025.

STR/NurPhoto

US President Donald Trump said Thursday that he will decide whether to bomb Iran’s nuclear facilities “in the next two weeks,” a move that re-opens the door to negotiations, but also gives the US more time to position military forces for an operation.

Hard Numbers: A Pride Month look at LGBTQ+ rights and challenges around the world

People ride motorcycles as South Korea's LGBTQ community and supporters attend a Pride parade, during the Seoul Queer Culture Festival, in Seoul, South Korea, June 14, 2025.

REUTERS/Kim Soo-hyeon

June is recognized in more than 100 countries in the world as “Pride Month,” marking 55 years since gay liberation marches began commemorating the Stonewall riots – a pivotal uprising against the police’s targeting of LGBTQ+ communities in New York.

GZEROMEDIA

What we’re watching: The subnational US-Canada relationship, Golden Dome’s leaden weight, MAGA Iran crackup

Ontario Premier Doug Ford speaks during a meeting of northeastern U.S. Governors and Canadian Premiers, in Boston, Massachusetts, U.S., June 16, 2025.

REUTERS/Sophie Park

While the national level drama played out between Donald Trump and Mark Carney at the G7 in Kananaskis, a lot of important US-Canada work was going on with far less fanfare in Boston, where five Canadian premiers met with governors and delegations from seven US states.

About Us Careers Press Contact Us Privacy Policy Terms of Use

Larry Summers explains the banking crisis

Note: this interview was featured on an episode of GZERO World with Ian Bremmer on April 3, 2023: The banking crisis, AI & Ukraine: Larry Summers weighs in

GZEROMEDIA

More from GZERO Media

US enters war with Iran: What comes next?

In his latest Quick Take, Ian Bremmer breaks down the US decision to formally join Israel in military strikes against Iran, marking a major escalation in the Middle East.

You vs. the News: A Weekly News Quiz

Think you know what's going on around the world? Here's your chance to prove it.

What We’re Watching: US’s Iran decision postponed, Court OK’s Trump’s use of the national guard in LA, Rwanda detains top opposition leader

US President Donald Trump said Thursday that he will decide whether to bomb Iran’s nuclear facilities “in the next two weeks,” a move that re-opens the door to negotiations, but also gives the US more time to position military forces for an operation.

Hard Numbers: A Pride Month look at LGBTQ+ rights and challenges around the world

June is recognized in more than 100 countries in the world as “Pride Month,” marking 55 years since gay liberation marches began commemorating the Stonewall riots – a pivotal uprising against the police’s targeting of LGBTQ+ communities in New York.

High time for the high seas: Q+A with Rebecca Hubbard

Eurasia Group’s biodiversity and sustainability analyst María José Valverde sat down with Rebecca Hubbard, the director of the High Seas Alliance, to discuss the High Seas Treaty.

GZEROMEDIA

Graphic Truth: Housing construction in the US and Canada

Hard Numbers: Fed holds interest rates, Canada’s population stays flat, LNG plant to open in B.C., US nabs suspects in “largest jewelry heist”

Canada recorded a population growth of 0% in the first quarter of 2025, the lowest mark since 2020.

What we’re watching: The subnational US-Canada relationship, Golden Dome’s leaden weight, MAGA Iran crackup

While the national level drama played out between Donald Trump and Mark Carney at the G7 in Kananaskis, a lot of important US-Canada work was going on with far less fanfare in Boston, where five Canadian premiers met with governors and delegations from seven US states.

Was the G7 a success for host Canada? Let’s take a look!

The G7 meeting this week was always going to be a tricky one.

Will Iran’s regime survive?

What’s next for Iran’s regime? Ian Bremmer says, “It’s much more likely that the supreme leader ends up out, but the military… continues to run the country.”

Larry Summers explains the banking crisis

Note: this interview was featured on an episode of GZERO World with Ian Bremmer on April 3, 2023: The banking crisis, AI & Ukraine: Larry Summers weighs in

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

In his latest Quick Take, Ian Bremmer breaks down the US decision to formally join Israel in military strikes against Iran, marking a major escalation in the Middle East.

Think you know what's going on around the world? Here's your chance to prove it.

US President Donald Trump said Thursday that he will decide whether to bomb Iran’s nuclear facilities “in the next two weeks,” a move that re-opens the door to negotiations, but also gives the US more time to position military forces for an operation.

June is recognized in more than 100 countries in the world as “Pride Month,” marking 55 years since gay liberation marches began commemorating the Stonewall riots – a pivotal uprising against the police’s targeting of LGBTQ+ communities in New York.

Eurasia Group’s biodiversity and sustainability analyst María José Valverde sat down with Rebecca Hubbard, the director of the High Seas Alliance, to discuss the High Seas Treaty.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Canada recorded a population growth of 0% in the first quarter of 2025, the lowest mark since 2020.

While the national level drama played out between Donald Trump and Mark Carney at the G7 in Kananaskis, a lot of important US-Canada work was going on with far less fanfare in Boston, where five Canadian premiers met with governors and delegations from seven US states.

The G7 meeting this week was always going to be a tricky one.

What’s next for Iran’s regime? Ian Bremmer says, “It’s much more likely that the supreme leader ends up out, but the military… continues to run the country.”