Wolfgang Münchau
Former correspondent for the Financial Times in Washington and Brussels, and a member of the team that established the Financial Times Deutschland in 2000, Wolfgang Münchau writes a weekly column on political and economic trends in the EU.
In the wake of the collective downgrading of 9 eurozone countries, including France, it’s become clear that the EU’s policy of rescue funds coupled with fiscal austerity has exhausted itself. It’s time for Angela Merkel and her partners to find a credible outcome, writes Wolfgang Münchau. 
The union’s finance ministers are shortly to agree on the details of a protective shield for the weaker eurozone members. But in the long-run the European Central Bank and the EU’s culture of secrecy is a threat to the future of the single currency, argues columnist Wolfgang Münchau.