How abnormal was the stock market in October 2008?

By: Paul De Grauwe, Leonardo Iania, Pablo Rovira Kaltwasser

Last month saw a stock market move with a probability of occurring only once in 73,357,946,799,753,

900,000,000 years. What does this tell us about modern finance?

The depression of 2009

Wrong government policies on both sides of the Atlantic are turning a crisis into a catastrophe.

Germany's nuclear paranoia

By: Wolfgang Münchau

In my latest FT Deutschland column, I argue that the German Social Democrats are in a right mess over nuclear. This entry contains an English synopsis, and the original column in German.

Ireland is wrong to put its miracle at risk

By: Wolfgang Münchau

After a week of what European leaders call reflection, another Irish referendum beckons, to be held early next year. Without it, there might well be an attempt to oust the Irish from the European Union.

Time to play hardball with the Irish

By: Wolfgang Münchau

There are only two solutions to the Irish dilemma, both involving the retention of the Lisbon Treaty: Offer the Irish a meaningless protocol that provides guarantees they already have, or force them out of the EU.

The Berlusconi reforms: A first assessement

By: Marco Valli

The Berlusconi government has had a reasonably good start. This article discusses some of the reform measures, including tax cuts on productivity bonuses and the abolition of an unpopular real estate tax.