Brunnermeier: Hard to Imagine Germany Minus Deutsche Bank

The transcript discusses the ongoing Euro crisis, focusing on Deutsche Bank's role and the potential impact on Germany's economy. It explores the complexities of managing multiple crises, such as the refugee crisis, and the potential for multi-dimensional bargaining to resolve issues. The discussion also highlights cultural differences in economic models between continental Europe and the Anglo-Saxon approach.

What is a key similarity between the current euro crisis and the 2008 financial crisis?

• Both were triggered by the housing market collapse.

• Both have a major impact on Deutsche Bank.

• Both resulted in the collapse of Commerzbank.

• Both involve significant government bailouts.

How might multiple crises in Europe create opportunities for resolution?

• By forcing countries to focus on a single issue.

• By reducing the influence of Angela Merkel.

• By allowing countries to negotiate across different issues.

• By increasing competition among European banks.

What challenge does Angela Merkel face according to the discussion?

• Reducing Germany's dependency on Deutsche Bank.

• Balancing the interests of France and Greece.

• Winning the support of the European Central Bank.

• Managing the refugee crisis and banking issues simultaneously.

How does the German banking model differ from the Anglo-Saxon model?

• It focuses more on liquidity than solvency.

• It is more rule-driven and less discretionary.

• It is more similar to the Japanese model.

• It relies heavily on government intervention.

What is a major theme discussed in the context of cultural differences in banking?

• The impact of cultural differences on crisis management.

• The search for courage in the Anglo-Saxon model.

• The need for a unified European banking system.

• The role of media in shaping banking policies.