Michael Kemmer: Italian Bank Crisis Is Not Systemic

The video discusses the potential impact of Brexit on Frankfurt's banking sector, the Italian banking crisis, and its limited effect on German banks. It highlights Deutsche Bank's challenges amidst market volatility and critiques the ECB's policy, emphasizing the need for government action.

What is the expected impact of Brexit on Frankfurt according to the speaker?

• Frankfurt will lose jobs.

• Frankfurt will face a systemic crisis.

• Frankfurt will become the hub of Europe.

• Frankfurt will remain unaffected.

What is the speaker's opinion on the Italian banking crisis?

• It is a systemic issue affecting all of Europe.

• It is a localized issue that Italy can solve.

• It requires immediate intervention from Germany.

• It will lead to a global financial crisis.

What solution does the speaker suggest for the Italian banking crisis?

• Germany should intervene directly.

• A bailout is the only option.

• A bail-in is the right solution, but exceptions may apply.

• No action is needed.

What is the speaker's view on Deutsche Bank's current situation?

• Deutsche Bank is in a difficult situation but has taken the right steps.

• Deutsche Bank needs immediate government intervention.

• Deutsche Bank should merge with another bank.

• Deutsche Bank is in a stable position.

How does the speaker view the ECB's policy impact on the banking system?

• The ECB's policy is irrelevant to the current situation.

• The ECB's policy is challenging for banks and not sustainable long-term.

• The ECB's policy has no impact on banks.

• The ECB's policy is beneficial for banks.