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.

What actually happened in Berlin

By: Wolfgang Munchau

The German government is all over the place after hearing about French plans for a euro area summit.

The case for adapting the policy framework in the euro area

By: Jean Pisani-Ferry, André Sapir and Alan Ahearne

Financial market turbulence, an appreciating euro, inflation pressures and a slowing economy pose serious challenges for the euro area. At a time when euro area member states increasingly pursue national strategies, there is growing doubt about the euro area’s ability to meet these challenges. A report by the think tank Bruegel published last week provides a blueprint of how to improve the policy making system. Eurointelligence has asked three of the authors – all regular contributors to our EMU Monitor - to outline the main issues. Their main message is that the maintenance of a learning mindset and a willingness to adapt the policy framework in light of the experience gained is crucial to the long term success of the euro.

Who is Henri Guaino?

President Sarkozy's European advisor is either stupid or he wants to destroy the euro area - or both.

Is Sarkozy winning?

By: Wolfgang Münchau

Germany should come up with its own plans for policy coordination. Otherwise, Sarkozy is going to win this debate.