Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • North Sea oil and gas producers hit back at Sunak’s £5bn windfall tax
    • Military briefing: Ukraine’s battlefield agility pays off
    • ECB warns a house price correction is looming as interest rates rise
    • China builds coalition to counter America’s ‘barbaric and bloody’ leadership
    • Los Angeles rethinks ‘defunding the police’ as violent crime surges
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • EY plans global audit spin-off in drastic Big Four shake-up
    • On the waterfront: the political fight over organised crime at the Port of New York
    • Olivier Blanchard: ‘There’s a tendency for markets to focus on the present and extrapolate it forever’
    • Fed officials raised possibility of ‘restrictive’ policy to fight inflation
    • Elon Musk must find more cash for Twitter deal after scrapping margin loan
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • EY plans global audit spin-off in drastic Big Four shake-up
    • Bankrupt former KPMG partner sues law firm over job loss
    • Forget ESG. Bring on the BS Index
    • Carl Icahn loses proxy fight with McDonald’s over pig welfare
    • James Gorman says he has no plans to retire from Morgan Stanley soon
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • Live news updates from May 26: Putin confident Russia can shrug off sanctions impact, UK introduces energy windfall tax
    • Live news: US goods trade deficit narrowed in April as businesses slowed stockpiling
    • Bull market rhymes lead to a turn in the investing cycle
    • US house prices never go down
    • Quant hedge funds reap windfall during 2022 market ructions
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Britain isn’t working. That should concern us all
    • Hard lessons from the crypto crash
    • Forget ESG. Bring on the BS Index
    • Olivier Blanchard: ‘There’s a tendency for markets to focus on the present and extrapolate it forever’
    • A tariff on Russian oil could pave the way to an embargo
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Race at work: how hard are companies really trying?
    • Vive la différence between work and play
    • ‘A bonfire of the decencies’: Peter Hennessy on Boris Johnson’s government
    • Why presenteeism is an enduring corporate narcotic
    • The cold call is back and worse than ever
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Still Top Gun? What Tom Cruise’s new movie tells us about American power
    • Hard lessons from the crypto crash
    • ‘It’s not flavourless. It’s delicate and really, really nice’: the UK’s lager revolution
    • Why does it feel good to do good?
    • What supporting Real Madrid really means
  • How to Spend It
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Wolfgang Münchau

Former European Commentator

Wolfgang Münchau was an associate editor of the Financial Times, where he wrote 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.

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Sunday, 27 September, 2020
    European Union
    Complacent insiders sow the seeds of their own demise

    Different qualities help nonconformist challengers to succeed

  • Sunday, 20 September, 2020
    European Union
    Beware of smoke and mirrors in the EU’s recovery fund

    National political pressures will divert money from truly worthwhile projects

  • Sunday, 13 September, 2020
    Coronavirus pandemic
    Sweden’s Covid-19 experiment holds a worldwide warning

    Do not jump to conclusions about lockdowns before all the data is in and analysed

  • Sunday, 6 September, 2020
    Eurozone economy
    ECB should ignore latest central bank inflation fad

    There are more pressing real economy issues than tweaking its price targeting regime

  • Sunday, 30 August, 2020
    Eurozone economy
    Europe needs to avoid a ‘decade of forbearance’

    Otherwise its economy will emerge from this crisis weakened, yet again

  • Sunday, 23 August, 2020
    Brexit
    The risk of a no-deal Brexit is rising, and that’s no bad thing

    The EU cannot deny the UK the same discretionary approach of its own competition policy

  • Sunday, 19 July, 2020
    Central banks
    A flexible inflation target is not a panacea

    Central banks are attracted to a policy that would give them more flexibility during a crisis, but it has downsides

  • Sunday, 12 July, 2020
    Technology sector
    Covid-19 will finally mark the end of the analogue age

    The pandemic has accelerated society’s shift to a more digital world

  • Sunday, 5 July, 2020
    Eurozone reform
    Will Angela Merkel save Europe?

    Solving the EU’s problems will take more than her coronavirus recovery plan

  • Sunday, 28 June, 2020
    Eurozone economy
    A rapid rebound would challenge EU contradictions

    While welcome, swift economic recovery would pose awkward questions for monetary and fiscal policy

  • Sunday, 21 June, 2020
    Trade disputes
    A truly ugly transatlantic trade war is looming

    Both the US and EU are being unreasonable, be it over digital taxes, food, gas or cars

  • Sunday, 14 June, 2020
    3D printing
    3D printing can be a real source for optimism

    The Covid-19 lockdown could provide the boost the technology needs

  • Sunday, 7 June, 2020
    Brexit
    The UK and EU are facing the most extreme version of Brexit

    Political miscalculations have harmed negotiations that could well fail to secure a trade deal

  • Sunday, 31 May, 2020
    EU economy
    Europe cannot fudge its way to a federal future

    The EU’s emergency budget increase is not all it seems, and Germany is still no convert to a fiscal union

  • Sunday, 24 May, 2020
    European Union
    China is pitting EU countries against each other

    Italy’s lurch towards full-blown Euroscepticism threatens the bloc’s stability

  • Sunday, 17 May, 2020
    European Union
    A failure of storytelling is stoking identity politics in Europe

    To defeat Euroscepticism, leaders in Brussels must change the narrative 

  • Sunday, 10 May, 2020
    European Central Bank
    The European Central Bank is deluding itself over German court ruling

    A smart response would be for the EU to address the problems of the eurozone head on

  • Sunday, 3 May, 2020
    European Central Bank
    Don’t blame German judges if they say No to ECB asset purchases

    It would be the underlying law and EU treaty that needs changing, not the ruling

  • Sunday, 26 April, 2020
    EU economy
    How to think about the EU’s rescue fund

    We do not need another big lending programme; equity investments would get us out of the credit-versus-loans debate

  • Sunday, 19 April, 2020
    Eurozone economy
    Italy is in more danger than the eurozone will acknowledge

    It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends

  • Sunday, 12 April, 2020
    Eurozone economy
    How the next euro crisis could unfold

    What if Italy cannot service its debt and a future government is tempted to default?

  • Sunday, 5 April, 2020
    Coronavirus pandemic
    Germany’s testing success looks real — for now

    But statistics that show how many days one country is behind another are humbug

  • Sunday, 29 March, 2020
    Eurozone reform
    Go-it-alone eurozone ‘coronabonds’ are worth the risk

    Nine countries can make a stand for sharing the fiscal burden of the pandemic

  • Sunday, 22 March, 2020
    Coronavirus pandemic
    Europe needs a new scale of stimulus — and cash not credit

    Direct payments should be made to citizens and companies

  • Sunday, 15 March, 2020
    European Union
    Eurozone stability is under threat again

    Without a co-ordinated response, national stimulus policies will end up increasing imbalances

Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In