Wolfgang Munchau

My view remains that Europe is in an incipient but unstable recovery vulnerable to exogenous shocks. However, I do not believe this recovery means that crisis is over. Rather, this is a lull before continued stagnation forces Europe to make…

That Weidmann now wishes to publicly claim he is concerned about risk associated with the Bundesbank's Target2 credit does not simply mean that this is a truth that has now been "acknowledged". I would guess that the sober Bundesbank…