Bernd Ondruch, CIO of Astellon Capital Partners & DCI Fellow at Stanford University, joins Brent Johnson, founder and CEO of Santiago Capital, to break down the current discord within the European Union. Ondruch talks about the current state of European banks, the interaction between European central banks and the ECB, and the further merging of European politics and capital markets. He discusses the bifurcation between northern and Southern European Union member states and sheds light on why on the large discrepancy between the two geographies. Filmed on May 19, 2020.