Economics of Germany’s parallel universe

The Council of Economic Experts says nothing about investment. It wants Merkel to be tougher

The euro is in greater peril than ever

The eurozone has no mechanism to defend itself against a drawn-out depression

Eurozone stagnation is a greater threat than debt

Monetary policy can boost markets in the shortrun, but this cannot be sustained indefinitely

Germany’s weak point is exports reliance

Wherever stimulus comes from, it will not be from Europe’s powerhouse

Europe’s recovery is in danger of being a dream

A euro devaluation would have to be extreme to have a big impact on, say, Italian exporters

Germany’s eurosceptics plant turmoil

The AfD only needs to create doubt to upset economic equilibrium

Italy debt is a problem for us all

We need extreme and co-ordinated policy to make it possible for Italy to ultimately stay in the eurozone

Divisions behind declining EU influence

The eurozone has been running on luck – a commodity that tends not to last

What Draghi must do next to fix Europe

Eurozone policy makers and their economic advisers are structuralists by inclination

An astute move but not the Big One

ECB’s plan to buy private-sector assets is not nearly enough to lift it out of its misery, writes Wolfgang Münchau

Renzi’s lack of focus threatens his political promise

The savings the Italian leader identified should go into public investments

Draghi has few legal ways to fix the euro

The ECB has signalled that it is safe to bet against the inflation target

Bundesbank has abandoned principle

The eurozone does not need wage or price fixing. It needs further monetary expansion

The west risks collateral damage by punishing Russia

If you want to know how sanctions will affect the global economy, it is best to follow the money

Europe must hit Russia’s finances

We should not exclude that regarding MH17 we are dealing with a first-order global economic shock

How central banks can deal with bubbles

It is a mistake to view macroprudential regulation as a potent independent policy tool

Europe’s dowry not in pounds and pence

Without Britain, EU trade might be lower, finance smaller and austerity less severe, writes Wolfgang Münchau

Lethargic Europe needs investment jolt

Giving the banks more money for lending is surely not the answer to a demand problem

Merkel versus Renzi over the eurozone

Rome’s demand for a fundamental rethink of the fiscal rules sets the scene for a political tussle

Europe faces house of debt horrors

The most likely trajectory is a long period of slow growth, low inflation


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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