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Diverging current account balances in the euro area
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While the current account of the euro area is broadly in balance, there are huge divergences among the member states. |
Countries
The case against a Grand Coalition in 2009
23.07.2008
By: Wolfgang Münchau
Forget all this hogwash about the responsibility of the cenrtre. Grand coalitions are undemocratic.
How to deal with Spain and Ireland?
22.07.2008
By: Wolfgang Münchau
This is possibly the worst time to bash the ECB. The biggest risk to the euro area aera economy is a meltdown of the Spanish economy, something which the ECB can do nothing about. We need to consider a quid-pro-quo IMF style liquidity injection into the Spanish economy in exchange for assurances on policy changes.
Germany's nuclear paranoia
10.07.2008
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
24.06.2008
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.