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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A demonstrator throws a tear gas canister back towards the police during a march calling for the resignation of Bolivia's President Rodrigo Paz, as the country's economic and fuel crisis worsens due to a shortage of U.S. dollars and falling domestic energy production, in La Paz, Bolivia May 18, 2026.
REUTERS/Claudia Morales
Two weeks of protests have paralyzed Bolivia's capital, La Paz, costing businesses $50 million a day amid the country's worst economic crisis in 40 years. Unions are calling for the resignation of President Rodrigo Paz, just six months into his tenure.
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The US and Iran are deadlocked over the Strait of Hormuz. Kori Schake and Ian Bremmer discuss what went wrong, and what Trump's options are.
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