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

The deadly disunity of the Europeans

A quota system is too crude and politically as unsustainable as fiscal transfers among countries

The make believe world of eurozone rules

The disagreement between Germany and the ECJ is not about the law, but politics and economics

Grexit remains the likely outcome

Unless the economy behaves very differently than in the past, it will be trapped in a vicious circle

Greece’s creditors demolish euro project

Stripped of ambitions for a political and economic union, the bloc changes into a utilitarian project

Tsipras’s proposal sows division

Do not take this deal for granted — if Greece’s creditors want it to fail, they will find a way

A stealthy route to Grexit

In Berlin, the belief is hardening that no deal can be reached with a government led by Tsipras

Why the Yes campaign failed in Greece

Tsipras’s opponents made serial misjudgments, from the petty to the monumental

The road to Grexit and beyond

Tsipras was right to walk away. But it was a momentous decision


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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