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Wolfgang Munchau 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, the German daily financial newspaper, for two years.
Before joining FT Deutschland, Mr Munchau 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. Between 1988 and 1995 he held several posts at The Times newspaper, including Washington and Brussels correspondent. In 1989 he was a recipient of the Wincott Young Financial Journalist of the Year award. He holds an M.A. in International Journalism (City University) and Diplom-Betriebswirt (Reutlingen). His column appears on Mondays. - -
Italy needs to focus on its productivity growth
Without an improvement in productivity growth, I cannot see how Italy can prosper in the eurozone or reduce its public debt, says Wolfgang Münchau
Global adjustment will be long and painful
Beware multiple crises could easily return like a bloodstained villain in a horror movie who rises to fight his last battle, writes Wolfgang Münchau
The princess’s cake gets an added crunch
Since poorer people spend a higher proportion of income on food and petrol than the middle-classes, the inflation rise hits them hard, writes Wolfgang Münchau
Pessimism about the eurozone is misplaced
Maybe we are now living in a world where the US is catching a cold and the Europeans are sneezing, says Wolfgang Münchau
Central banks must care about house prices
The International Monetary Fund’s analysis is correct. The residential property market drives the business cycle, writes Wolfgang Münchau
Do not be alarmed by Icelandic whispers
On many indicators, Iceland is a sound economy, even if there are weaknesses that hamper monetary policy, says Wolfgang Münchau
This crisis could bring the euro centre-stage
A simulation shows that the euro could replace the dollar as the world’s largest reserve currency within 10 or 15 years, writes Wolfgang Münchau
Sarkozy’s reforms must reach beyond taxi licences
France is still full of absurd restrictive practices for which the president’s party has a great deal to answer, writes Wolfgang Münchau
Central bankers cannot stop this contagion
For as long as the world’s financial crisis persists, interest rates will be determined by toxic market conditions, not central bankers, writes Wolfgang Münchau
A crisis in store for Spain’s election victor
Wolfgang Münchau
