James Ferguson illustration
©James Ferguson

Berlin Philharmonic finds harmony in democracy

The orchestra is a beacon in a world where mutuals often transform into for-profit companies

Terror must not trample on Tunisian institutions

It is not for the outside world to impose governance and economic reforms on the country, writes Claire Spencer

From the blogs

The belief that inflation is a low-risk strategy is encouraging for equity prices
– Andrew Smithers
The continuing rise in the credit/GDP ratio will postpone the full resolution of the country’s leveraged bubbles
– Gavyn Davies

Tsipras is holding out for debt relief

Greek PM will try to make bowing to creditors’ demands look like victory, writes Martin Sandbu

A third runway at Heathrow will never fly

You need not be a cynic to suspect policy-based evidence-making

Osborne’s chance to be a real reformer

So far the UK chancellor has a mixed record and has often succumbed to a worrying urge to tinker

FT Editorial

Hong Kong and Taiwan’s electoral volcano

In the former, the magma is below the surface; in the latter, it is in active flow

Soap opera casts Islamists as bad guys

The programme’s political message is that President Al-Sisi is returning Egypt to its true nature

Keep politics out of infrastructure

Economic strength depends on independent system to identify national needs and priorities

Rethink needed for monetary policy role

Iceland’s reform proposals may go too far but are worth consideration

Coalition needed to defeat Isis

Common threads in the Middle East need to be pulled together before they unravel

How I would vote if I were Greek

In making my decision, I would bemoan Syriza’s idiotic leftism and the eurozone’s self-righteousness

Syriza is not Greece

Despite the acrimony Europe is still alive in the hearts of most citizens, writes Yannis Palaiologos

How modern politics gives HS2 easy ride

Projects acquire a momentum of their own, the original rationale forgotten if it ever existed

Protect asset managers from doom-mongers

Regulators should calibrate their response to risk, not inflict pain on mutual funds, writes Huw van Steenis

Heavy-duty fatigue for Paris police

Ennui sets in for the guards deployed to protect the city’s synagogues, writes Adam Thomson

Abe traps politicians in city to pass bill

Instead of fleeing Tokyo for the beach, lawmakers will debate the country’s pacifist constitution

Foreign groups battle for India ecommerce

Technology companies are piling in, seeking to replicate the dominance they enjoy in home markets

Debt clouds hang heavy over emerging Asia

Export route to economic growth also blocked as world trade slows

Salvage security from the botched Iran deal

If the west does not stand firm, Israelis may be left to face the ayatollahs, writes Michael Herzog

Expand Heathrow to show UK open for business

A third runway would prime London as the — not just a — global hub for passenger traffic



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