Athens and Rome expose EU faultlines

Italy’s long-term sustainability in the eurozone is just as uncertain as that of Greece

Draghi’s inflation targets miss the mark

The ECB keeps failing because it is not fully committed

Gloom gathers over Germany’s challenges

While most of the threats appear to be external, they are caused by domestic policy choices

FILE - 10 OCTOBER 2015: Former chancellor British Conservative politician Lord Geoffrey Howe, 88, has reportedly died of a heart attack. British Prime Minister Margaret Thatcher talking to Geoffrey Howe during the Conservative Party Conference in Brighton, 10th October 1980. (Photo by Geoff Bruce/Central Press/Getty Images)

The downside of free capital flows

New controls are not yet the subject of polite conversation among policymakers

Europe’s multiplicity of crises

The EU has an innate tendency towards foul compromises and fair-weather constructions

Fighting Brexit with fear will backfire

Do not trust anyone who makes a forecast based on opinion polls or insight into national character

Watch Europe roll printing presses

This is how the crisis may be resolved — not with a bailout or debt resolution but by printing money

Europe will stumble before it stands tall

I foresee a gradual erosion of the EU that leaves it as a glorified free-trade zone

A continent overwhelmed by crises

Too many major events are occurring simultaneously: soon we will need a database to keep track

End the folly of a borderless Europe

There are, in principle, two fixes, repair the Schengen area or revert to national systems

Italy’s recovery is not what it seems

If country fails to bounce back from recession, it is hard to see how it can stay in the eurozone

Europe’s single market is a cosy club

Producers’ interests prevail even when companies, like VW, are found to have committed serial fraud

Two big mistakes that ruined Europe

The single currency is a trap and eastern expansion forced the EU to take its eye off the ball

Draghi must be more unconventional

The eurozone’s economic recovery is again weakening before it really started

Better no fiscal union than a flawed one

If this is the kind of integration on offer, preferable to say no and stick with the present system

Germany risks wasting refugee benefits

The irresistible force of the migrants is hitting the immovable object of a high minimum wage

Volkswagen’s threat to the German model

Berlin’s over-reliance on cars is a silly strategy, much like Britain’s dependence on finance

Crises push Europe into realm of chaos

The refugee crisis alone will reduce Germany’s financial and political room for manoeuvre

Perplexing failure of EU’s centre-left

Ultimate crisis of global capitalism was delivered on a plate and they did not know what to do

Money-making scheme must be made of stronger stuff

Most of the macroeconomic effect of QE has already occurred


Wolfgang Münchau Wolfgang Münchau is an associate editor of the Financial Times, where he writes a weekly column about the European Union and the European economy. Before taking up this position in September 2003, he was co-editor of Financial Times Deutschland for two years.

Before joining FT Deutschland, Mr Münchau was a Frankfurt correspondent and later economics correspondent of the Financial Times, reporting on the preparation for the final stage of monetary union and the launch of the euro.

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