GZERO World Clips
The next economic crisis Larry Summers is worried about
The next economic crisis | Larry Summers | GZERO World
April 06, 2023
On GZERO World, Ian Bremmer and former US Treasury Secretary Larry Summers discuss the policy response to the recent banking crisis involving Silicon Valley Bank and the Biden administration's actions.
Summers rates the government's move to step in and guarantee depositors in SVP positively but expresses concern over the high cost of the SVB bailout.
He also worries about the real estate sector, particularly the office building sector and corporate lending to mid-size businesses.
Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in
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Vietnam's Communist Party General Secretary To Lam receives a bouquet from National Assembly Chairman Tran Thanh Man after taking his oath as Vietnam's President in Hanoi, Vietnam, April 7, 2026.
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In an unprecedented move, Vietnam’s parliament has elected Communist Party Secretary General To Lam as state president for the next five years.
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