Abby Joseph Cohen on What Went Wrong With European Banks

The video discusses the differences in how the US and Europe handled the financial crisis, highlighting the US's quick recapitalization due to active capital markets, while Europe struggled with sovereign debt issues. It challenges the notion that the crisis was solely a US phenomenon, noting European banks' poor lending decisions. The euro's resilience is examined, with concerns about political consensus and economic news from core countries like France and Italy potentially impacting its stability.

In what ways did the euro demonstrate resilience during the financial crises?

What could happen if the political consensus in the eurozone breaks down?