Markus Brunnermeier: The Future of Europe 1/6

The video discusses the Eurozone crisis, its impact, and potential solutions. It highlights the role of the European Stability Mechanism and the need for a new economic architecture in Europe. Various strategies, including the introduction of Eurobonds and fiscal union, are explored to stabilize the economy and manage sovereign and banking risks.

Discuss the significance of the European Stability Mechanism as mentioned in the text.

What are the implications of the capital flows mentioned in the discussion?

How does the text suggest addressing the issue of private debt in the context of the eurozone?

What is the proposed 'airspace strategy' for managing European debt?