Wolfgang Munchau - Financial Times

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.

E-mail Wolfgang Münchau

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Partnership among the divergent majorities can break the political gridlock

An article of faith that means different things to different believers

One of the safest predictions is that Monti’s coalition will come last among the four major contestants

Rescheduling of promissory notes is monetary financing in all but name

The renationalisation of banking means that the monetary union is still unsustainable

Appeal will diminish amid a eurozone economic union and transatlantic free-trade zone

Most Italians know they owe the fall in bond yields to Draghi

The idea of the UK at the heart of the EU is bizarre

Governments have pushed themselves into a corner where austerity is the default

A division into larger and smaller banks makes no economic sense

Two things need fixing in Italy, both of which are beyond the scope of the technocrats

The Social Democrats do not want to be responsible for a Greek exit

David Cameron is giving the grouping the nudge it needs

Never underestimate the ability of Brussels technocrats to find money

A cut in unit labour costs is only a gain if you achieve it but nobody else does

The national backstops have not removed the total solvency risk

Move to stop liquidity crisis is matched by refusal to recognise solvency crisis

The project could unite the EU’s core but it will also separate it from the rest

IMF must have realised that the present policy is not working

In the absence of a very big change in policy, we should expect Spain to go down the same tube

ABOUT WOLFGANG

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