Europe needs a lesson in deterrence

Europeans have been slow to recognise the world as it is rather than as they imagined

The latest from FT blogs

The claim that equities can be valued by comparing earnings yields to bond yields falls down both in practical and theoretical terms
– Andrew Smithers
I don’t buy shrill threats of permanent exile. But when and how cannot be answered definitively before the vote
– John McDermott
The Federal Reserve will not change its stance while there remains no impetus
– Gavyn Davies

Chess in cyberspace: a smart move?

Parents are tapping the most brilliant chess brains in India, Bulgaria and Moscow to deliver online tutorials for their offspring via Skype

Bubbles are forming in the credit market

Auto loans heat up, but do not fear repeat of subprime mortgages

US looks at ‘ultra-long’ Treasury bonds

Low yields spark call to consider maturities over 30 years

Scottish link could cost England dearly

We may be condemned to remain in an unbalanced constitution, writes Vernon Bogdanor

Corporatism is to blame for inequality

Values such as solidarity, security and stability contribute to stifling policies, says Edmund Phelps

FT Editorial

Why tax is trickier than Martian algebra

Only radical restructuring has a chance of creating fair taxation, writes Tim Harford

Gaza, Ukraine and antisocial media

The wonderful new tools of engagement are sending out the wrong sort of digital message

Hollande’s mood frays over economy

Lack of growth and job creation is a worry

Corporate activists look into the cloud

IT sector’s messy transition to cloud computing draws raider attention

SHARE YOUR VIEWS

Write a letter to the Editor of the Financial Times at letters.editor@ft.com or share your comments underneath our articles. To view our commenting guidelines, visit ft.com/commenting

FT COMMENT ON TWITTER