Financial Times - Editorial
Latest Editorial from the Comment section of the Financial Times


Trident and the costs of deterrence
Britain should only scrap its nuclear arsenal in multilateral negotiation with other powers. But debate is needed on what sort of deterrent it needs

Guess of honour
A lesson for economists from a man who ?abolished? statistics, John Cowperthwaite, Hong Kong?s financial secretary during the 1960s

The banking threat to the eurozone
The eurozone?s original sin was to unify money while keeping responsibility for banks national but a common banking policy is now essential

Bringing benefits under control
Changing Britain?s welfare state is an important but complicated task. The government must make sure it does not stop halfway

Hollande balances politics and reform
French government should act quickly to send the right signals as the markets will judge it by its actions and will not be patient for long

California screamin?
Sacramento has long been the vanguard that the rest of the US follows. It is now also the less inspiring beacon of total fiscal ungovernability

Moscow should not turn back on west
Russia risks paying a high price for Putin?s foreign policy, which is a mere servant of his more pressing domestic goal

Euro?s last turn before the Grexit
The eurozone has played chicken on austerity before and it tends to blink first. It must not do so this time ? nor can the IMF allow it

Extreme politics
UMP?s best hope for the future in French politics lies in not paying the National Front?s Marine Le Pen the compliment of courting her

Britain?s pointless cap on talent
By removing students from the immigration cap, the government would send a powerful signal that the UK has its doors open for talent

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