Make sense of a disrupted world
Add this topic to your myFT Digest for news straight to your inbox
Outgoing ECB president ‘optimistic’ that the political debate is shifting
The benefits of integration carry a price tag. German voters have never been required to understand this bargain
Blind adherence to spending limits should be abandoned
The EU is facing an economic downturn, a currency war and a political crisis in Italy
She is well-placed to oversee a new era of fiscal and monetary co-ordination
Paris plays the long game after Neo-Hanseatics shot down initial sweeping ambitions
Mario Draghi’s successor at the ECB will need to handle the next existential crisis
Consensus struck on broad purpose of budget but questions over details remain
Dutch lead opposition to Emmanuel Macron’s ambition for extensive fund
Without an ECB to do the heavy lifting in the next crisis, real reform will be needed
The interests of the two countries and their leaders are diverging
Plan from finance minister Bruno Le Maire set to raise hackles in Berlin and The Hague
Threat underlines steep resistance to fund as June deadline looms
Purpose of budget unclear to some after ambitions have been revised down
Three worthwhile contributions from the past month
The FT is teaming up with 16 European news organisations to spark face-to-face discussions between readers who see the world differently
With Waltraud Schelkle and Ashoka Mody.
Calls for strengthening of Schengen, but eurozone reforms dropped to keep Germany onside
Eurozone markets’ dependence on German debt creates destabilising distortions
The single currency endures but significant adjustments are necessary
Let the ECB issue time deposits to satisfy demand for riskless security
Why it is economically and politically important to distinguish two separate concepts
Stronger tools are needed to ensure success in the event of a new crisis
Divisions across the continent mean odds are stacked against the French president’s reforms
French demand to strengthen single currency area accepted in less ambitious form
