Wolfgang Munchau
@eurobriefing.bsky.social
In our lead story this morning we write that the Ukraine war is becoming increasingly unsustainable for both sides – Russia, too, is reaching the point of exhaustion.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 26, 2025 at 7:10 AM
In our lead story this morning we write that the Ukraine war is becoming increasingly unsustainable for both sides – Russia, too, is reaching the point of exhaustion.
www.eurointelligence.com
www.eurointelligence.com
our lead story this morning is about Germany’s projected increase in the debt-to-GDP ratio from 60-80%. The appetite to agree to more European debt, and the fiscal space that is left, will fall dramatically.
eurointelligence.com
eurointelligence.com
EuroIntelligence
eurointelligence.com
June 25, 2025 at 7:08 AM
our lead story this morning is about Germany’s projected increase in the debt-to-GDP ratio from 60-80%. The appetite to agree to more European debt, and the fiscal space that is left, will fall dramatically.
eurointelligence.com
eurointelligence.com
In our lead story this morning, we write about the peace that descended on the Middle East this morning and wonder what will now happen to Iran’s nuclear programme.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 24, 2025 at 7:19 AM
In our lead story this morning, we write about the peace that descended on the Middle East this morning and wonder what will now happen to Iran’s nuclear programme.
www.eurointelligence.com
www.eurointelligence.com
In our briefing this morning, we look at the long-term consequences of the US strike against Iran, and struggle to find any good outcomes.
www.eurointellingence.com
www.eurointellingence.com
www.eurointellingence.com
June 23, 2025 at 7:11 AM
In our briefing this morning, we look at the long-term consequences of the US strike against Iran, and struggle to find any good outcomes.
www.eurointellingence.com
www.eurointellingence.com
Pedro Sánchez is right. The Nato 5% target will over-extend European countries financially, weaken their fiscal position, and ultimately be counter-productive for their security. A fine mess. Our lead story in Eurointelligence this morning.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 20, 2025 at 7:16 AM
Pedro Sánchez is right. The Nato 5% target will over-extend European countries financially, weaken their fiscal position, and ultimately be counter-productive for their security. A fine mess. Our lead story in Eurointelligence this morning.
www.eurointelligence.com
www.eurointelligence.com
Here is my latest column in Eurointelligence on why I no longer support Eurobonds.
www.eurointelligence.com/column/goodb...
www.eurointelligence.com/column/goodb...
A Lost Hamiltonian Moment
I used to support eurobonds, but no longer do because the only ones on offer are of the toxic variety
www.eurointelligence.com
June 19, 2025 at 11:23 AM
Here is my latest column in Eurointelligence on why I no longer support Eurobonds.
www.eurointelligence.com/column/goodb...
www.eurointelligence.com/column/goodb...
In the latest edition of our new long-format podcast, our team discusses the geopolitical consequences of the war against Iran.
www.eurointelligence.com/podcasts
www.eurointelligence.com/podcasts
Podcasts
www.eurointelligence.com
June 19, 2025 at 11:19 AM
In the latest edition of our new long-format podcast, our team discusses the geopolitical consequences of the war against Iran.
www.eurointelligence.com/podcasts
www.eurointelligence.com/podcasts
In our lead story this morning we take wonder about what China and Russia will do in response to US military action against Iran;
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 19, 2025 at 7:20 AM
In our lead story this morning we take wonder about what China and Russia will do in response to US military action against Iran;
www.eurointelligence.com
www.eurointelligence.com
Has von der Leyen just hoisted the white flag in the trade talks with the US with her U-turn on China?
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 18, 2025 at 7:00 AM
Has von der Leyen just hoisted the white flag in the trade talks with the US with her U-turn on China?
www.eurointelligence.com
www.eurointelligence.com
In our main story this morning we write about the appreciation of the euro and the effect this will have on transatlantic trade, coming on top of the tariffs
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 17, 2025 at 7:12 AM
In our main story this morning we write about the appreciation of the euro and the effect this will have on transatlantic trade, coming on top of the tariffs
www.eurointelligence.com
www.eurointelligence.com
My column in UnHerd on why the West is winning all the battles, and losing all the wars.
unherd.com/2025/06/the-...
unherd.com/2025/06/the-...
The West has forgotten the art of strategy
unherd.com
June 16, 2025 at 7:14 AM
My column in UnHerd on why the West is winning all the battles, and losing all the wars.
unherd.com/2025/06/the-...
unherd.com/2025/06/the-...
Our lead story this morning on why risks of a geopolitical catastrophe are higher today than at anytime during the Cold War.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 16, 2025 at 7:13 AM
Our lead story this morning on why risks of a geopolitical catastrophe are higher today than at anytime during the Cold War.
www.eurointelligence.com
www.eurointelligence.com
In our lead story this morning we write that the OECD has found the answer of what to reform in Germany – finance and fiscal - but the message is not getting through
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 13, 2025 at 7:29 AM
In our lead story this morning we write that the OECD has found the answer of what to reform in Germany – finance and fiscal - but the message is not getting through
www.eurointelligence.com
www.eurointelligence.com
In our lead story this morning, we write that gold has overtaken the euro as the world’s second largest reserve asset – so much for the euro taking over from the dollar...
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 12, 2025 at 7:14 AM
In our lead story this morning, we write that gold has overtaken the euro as the world’s second largest reserve asset – so much for the euro taking over from the dollar...
www.eurointelligence.com
www.eurointelligence.com
A column by my colleague Jack Smith in Eurointelligence about the anti-immigration policies of Mette Fredriksen's, the country's social democratic prime minister.
www.eurointelligence.com/column/can-t...
www.eurointelligence.com/column/can-t...
Can the left win by turning against immigration?
Mette Fredriksen's government and its anti-immigration policies may look like an example to other social democrats, but the reality is more complicated.
www.eurointelligence.com
June 11, 2025 at 8:54 PM
A column by my colleague Jack Smith in Eurointelligence about the anti-immigration policies of Mette Fredriksen's, the country's social democratic prime minister.
www.eurointelligence.com/column/can-t...
www.eurointelligence.com/column/can-t...
In our new longer-format podcast, our team discusses widely underestimated supply chain interdependencies between China, the US and the EU.
www.eurointelligence.com/podcasts
www.eurointelligence.com/podcasts
Podcasts
www.eurointelligence.com
June 11, 2025 at 8:53 PM
In our new longer-format podcast, our team discusses widely underestimated supply chain interdependencies between China, the US and the EU.
www.eurointelligence.com/podcasts
www.eurointelligence.com/podcasts
European companies are experiencing a massive real exchange rate shock, as evidence mounts that China is diverting trade earmarked for the US into European markets.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 11, 2025 at 7:26 AM
European companies are experiencing a massive real exchange rate shock, as evidence mounts that China is diverting trade earmarked for the US into European markets.
www.eurointelligence.com
www.eurointelligence.com
In our lead story this morning, we write about one important aspect of western sanctions hypocrisy. Some energy policy relationships with Russia have been so deep that some countries, including Japan and France, are struggling to extricate themselves.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 10, 2025 at 7:11 AM
In our lead story this morning, we write about one important aspect of western sanctions hypocrisy. Some energy policy relationships with Russia have been so deep that some countries, including Japan and France, are struggling to extricate themselves.
www.eurointelligence.com
www.eurointelligence.com
my latest column in UnHerd on Elon Musk.
unherd.com/2025/06/musk...
unherd.com/2025/06/musk...
Musk has lost his MAGA gamble
unherd.com
June 9, 2025 at 7:06 AM
my latest column in UnHerd on Elon Musk.
unherd.com/2025/06/musk...
unherd.com/2025/06/musk...
One of the silliest ideas we have heard in a long time is the one that the EU can win a trade war against the US. The EU is not China.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 9, 2025 at 7:05 AM
One of the silliest ideas we have heard in a long time is the one that the EU can win a trade war against the US. The EU is not China.
www.eurointelligence.com
www.eurointelligence.com
In our newsbriefing this morning we write that for all the noise, the signals we receive from the Trump administration are clear: the trade tariffs will come; the debt will rise; growth will fall. This is what usually happens before a financial crisis.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 6, 2025 at 7:16 AM
In our newsbriefing this morning we write that for all the noise, the signals we receive from the Trump administration are clear: the trade tariffs will come; the debt will rise; growth will fall. This is what usually happens before a financial crisis.
www.eurointelligence.com
www.eurointelligence.com
In our lead story this morning we write about why Geert Wilders blew up the Dutch government, and what he hopes to get from new elections. His gamble might pay off.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 4, 2025 at 7:10 AM
In our lead story this morning we write about why Geert Wilders blew up the Dutch government, and what he hopes to get from new elections. His gamble might pay off.
www.eurointelligence.com
www.eurointelligence.com
Our lead story this morning is about the absurdity of numerical defence spending targets. The history of numerical fiscal targets should be a cautionary tale.
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
June 3, 2025 at 7:07 AM
Our lead story this morning is about the absurdity of numerical defence spending targets. The history of numerical fiscal targets should be a cautionary tale.
www.eurointelligence.com
www.eurointelligence.com
here is my latest column for UnHerd on why Lawfare almost always backfires.
unherd.com/2025/06/lawf...
unherd.com/2025/06/lawf...
Lawfare won’t beat Trump
unherd.com
June 2, 2025 at 11:32 AM
here is my latest column for UnHerd on why Lawfare almost always backfires.
unherd.com/2025/06/lawf...
unherd.com/2025/06/lawf...
In our lead story this morning, we discuss the mindbogglingly large number of avenues Donald Trump has at his disposal to impose trade tariffs
www.eurointelligence.com
www.eurointelligence.com
EuroIntelligence
www.eurointelligence.com
May 30, 2025 at 7:14 AM
In our lead story this morning, we discuss the mindbogglingly large number of avenues Donald Trump has at his disposal to impose trade tariffs
www.eurointelligence.com
www.eurointelligence.com