High cost of Germany’s savings culture

This could tell us that Berlin, perhaps more so than Athens, is unprepared for monetary union

Europe’s grand coalitions boost extremes

The German Social Democrats are paying a heavy price for joining Merkel’s government

The revenge of globalisation’s losers

Its failure in the west is down to democracies’ inability to cope with the economic shocks

Germany’s roots risk European stability

In a monetary union, no government is supposed to question the independence of the central bank

The EU must act on the Dutch ‘no’ vote

To ignore this poll would be to ask for trouble, especially from Eurosceptics in the UK

UK’s Remain camp is losing argument

The main economic factors in favour of EU are not trade, but research, science and innovation policy

The errors behind Europe’s many crises

I would not trust with my security somebody who cannot even contain a medium-sized financial event

The EU sells its soul over Turkish deal

It will be interesting to see whether the bloc reneges on its promises if Ankara fails to deliver

ECB has lost the plot on inflation

There is nothing fundamentally wrong with any of the decisions except that the bank missed a trick

European Central Bank must be much bolder

A debate about policy alternatives is needed, starting with a realisation that QE has failed

Europe enters the age of disintegration

There will not necessarily be a formal break-up of the EU, but it will become less effective

Concessions to Britain create two-tier EU

If you divide a union you end up with disunion. You cannot have it both ways

Four signs another eurozone crisis looms

The markets are saying they are losing faith in Draghi’s pledge to do ‘whatever it takes’

Through the past, darkly

Today’s economic situation in Europe has parallels with the 1930s and Hitler’s speedy recovery

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

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


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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