The Eurointelligence Podcast: Recent Episodes
Wolfgang Munchau
In our latest podcast, our team discusses three looming risk scenarios for the global economy - Hormuz, global imbalances, and rising interest rates
In our latest podcast, our team discusses the politics and economics of the latest closure of the Strait of Hormuz.
In our latest podcast, our team discusses the political and economic consequences of Marine Le Pen
In our latest podcast, our team discusses the reasons why the European car industry is declining, to which extent it is a macroeconomic phenomenon, how European politicians react to it, and how China will react to their reactions.
In our latest podcast, our team discusses the collapse of the Future Combat Air System, a massive setback to European hopes for strategic autonomy.
In our latest podcast our team discusses the cyclical and structural causes behind the rise in inflation, and why these causes are likely to persist.
In our latest podcast, our team discusses the implications of the China shock 2.0 for the European economy, and how to respond.
In our latest podcast, our team discusses this week's failed coup against Keir Starmer amidst a total lack of alternative agendas.
In our latest podcast, our team discusses the fall and decline of Friedrich Merz, in his foreign and domestic policies.
In our latest episode, our team discusses the broader implications of the UEA's exit from Opec, and from what it says about the decline of international institutions. For the long version of this episode published every Wednesday please subscribe to eurointelligence.com.
In our latest podcast, our team discusses the economic consequences of the Iran scenario we are now in - a long drawn-out diplomatic process with no obvious compromises. This is an abridged free version. The full podcast is for subscribers on eurointelligence.com
In our latest podcast, our team discusses why governments of the far-right are failing when they fail.
In our latest podcast, our team discusses the implications of Trump's retreat, for the future of the Middle East, supply chain security, the transatlantic alliance, and Ukraine.
In our latest podcast, our team discusses the long-term consequences of Europe's decision to deny US requests for the use of joint bases and overflight rights for its war against Iran.
In our latest podcast, our team discusses the curse of Italian referenda, and whether Meloni can extricate herself from the political mess she created.
In our latest podcast, our team discusses the consequences of the closure of the Strait of Hormuz on energy markets, supply chains and food security.
In our latest podcast, our team discusses the strategic importance of the Strait of Hormuz for Iran and the US in this war.
In our latest podcast, our team discusses how European countries are being dragged into the Iran war.
In our latest podcast, our team discusses what it would take for the Ukraine war would end, and why the preconditions are not in place - yet.
In our latest episode, our team discusses the next ECB president in the context of French politics and Europe's role in the global economy.
In our latest podcast, our team discusses Europe's unfolding car industry disaster - a cautionary tale of hubris turning to nemisis.
In our latest podcast, our team discusses a decision by the French prosecutor not to seek a provisional ban for Marine Le Pen. This does not preclude a ruling, but raises Le Pen's chances to be able to run in 2027.
In our latest podcast, our team discusses the state of UK politics, and things may not look as bad for Starmer as the media coverage would suggest. For starters, productivity is starting to rise.
In our latest podcast, our team discusses what it would take for the EU to become truly independent of the US. Don't hold your breath.
In our latest podcast, our team discusses how the rest of the world, and Europe especially, should deal with US foreign policy, and the de-multilateralisation of the world.
In our last podcast of the year, our team looks back at 2025. It was an annus horribilis for the EU. Will 2026 be better?
This week's podcast is about why the EU keeps on folding when under pressure from the US and China.
Our latest podcast is about the difficulties the European asset sequestration scheme has run into, and on whether the Europeans will maintain their Russian gas ban after the war.
Today's podcast is about Europe's exploding deficits. Growth is weak, fiscal positions are fragile, and we are spending a lot more money on defence and Ukraine, all funded through debt.
In our latest podcast, we discuss why all European governments are struggling with reform - whether they have systems of proportional representation of first-past-the-post. Something bigger is at play.
In our latest episode, our team discusses Europe's dependence on China, and the important role Germany plays in informing the EU/China trading relationship.
In our latest podcast, our team discusses why Rachel Reeves' problems are much more common than you might think.
In our latest podcast, our team discusses Europe's faltering efforts to support Ukraine. Beyond virtue signalling, there was never a strategy to begin with.
In our latest podcast, our team discusses the political and economic consequences of China's export controls of rare earths and rare earth magnets.
In our latest episode we are discussing the political chaos in France, what to make of it and whether it is unique or reflects a wider phenonemon
In our latest podcast, our team discusses China's industrial policy, Europe's growing innovation gap and why no industrial policy will fix this.
In our latest podcast, our team discusses the fiscal mess in large European countries, and ask the question whether France and Germany can learn from Italy
In our latest podcast, our team discusses a disturbing common theme in Europe's political economy - a rise in structural fiscal deficit combined with falling productivity growth.
In our latest podcast, our team discusses the political and economic consequences of Sébastien Lecornu.
In our latest podcast, our team discusses the forthcoming vote of confidence in Francois Bayrou's government - and what is at stake for France and Europe.
In our latest podcast, the team discusses the Ukraine peace diplomacy, with a focus on the security guarantees, land swaps, and how to fund the post-war reconstruction.
In our last podcast before the holidays, our team discusses the European response to Donald Trump's threatened tariffs. The Europeans are all over the place, with the Germans ready to accept any deal, and the French willing to respond with the most extreme policy instruments available to the EU.
In our latest podcast our team discusses the EU's complicated, and deteriorating relationship with China.
In our latest, long, podcast, our team discusses the consequences of higher government debt in all of the west's large economies. We are not going to grow out of this.
In our latest, long-form, podcast our team discusses what will defence spending of 5% buy, whether it will make us more secure, and how it will be financed.
In our latest one-hour podcast, our team discusses global consequences of the Israel-Iran war, and its geopolitical and geoeconomic consequences. In our special section, we have an in-depth discussion about the effect on oil prices, and the limits and extent of solidarity amongst the Brics countries.
This is the start of our new extended two-part podcast. Today's theme are the widely underestimated supply chain interdependencies between China, the US and the EU. In part 1, we give the big picture. In part 2, we deep-five into details - how it affected mechanical engineering, and the defence sectors, amongst others.
In our latest podcast, our team discusses the persistent political success of far-right parties in Europe, and about the dilemma the centrists have put themselves in.
In our latest podcast, our team discusses what to expect to happen in the remaining six weeks of the US-EU trade talks. The discussion took place just before Wednesday's ruling by the New York federal trade court, which struck down Donald Trump's global tariffs. In our view, the ruling, even if confirmed by higher courts, will not affect the US/EU trading relationship in a material way.
in our latest podcast, our team discusses the elections in Romania, Poland and Portugal, and what the strength of the far-right says about the state of Europe.
In our latest podcast, our team discusses the Trump's administration assault on global imbalances, on cooperative and non-cooperative solutions, and what happens if there is none.
In our latest podcast, our team discusses what kind of European leader Friedrich Merz will be.
In our latest podcast, our team discusses unilateral and multlateral solutions to the global tariff crisis.
In our latest podcast, our team discusses the devastating impact of US tariffs on Europe, and what course Europe will take.
In our latest podcast, our team discusses how we should react to Donald Trump's tariffs.
In our latest podcast, our team discusses the Le Pen court case and whether she and her party will get stronger, and more extreme in the process.
In our latest podcast, our team discusses the Mar-a-Lago accord, its economic rationale, and whether it has the potential to turn Nato into a protection racket.
In our latest podcast, our team discusses the future of European defence policy after Germany exempted defence spending from its debt rules.
In this episode our team discusses the German debt brake, European defence and Donald Trump
In our latest podcast, our team discusses the German elections, the return of the old coalition, the fate of the Greens, the rise of the Left Party, and why debt brake reform is really difficult.
In our latest podcast, our team discussed Europe after the transatlantic relationship. New possibilities are opening up, especially on defence integration. Another moment of truth for Europe.
In our latest podcast our team discusses good and bad ways to respond to Trump. Should we perhaps not respond at all?
In our latest podcast, our team discusses the state of Germany three weeks before the elections, with immigration the number one theme, and the AfD the party that will benefit from it.
In our latest podcast, our team discusses what we know - and more importantly what we don't know - about Donald Trump's economic policies and its impact on Europe.
In our latest podcast, our team discusses the survival chances of Francois Bayrou, France's latest prime minister. Like his predecessor, his future depends on Marine Le Pen.
Happy New Year! In this episode we talk about Donald Trump's interest in Greenland and how the US tech sector dictates the terms of digital services in the EU
In our last podcast of the year, our team discusses the political and economic malaise of France and Germany, and what they have in common.
In this episode our team discusses the motivations for the censure motion against Michel Barnier and scenarios of an institutional lockdown
In our latest podcast, our team discusses the past and future of the Green deal, whether it is politically sustainable, and whether it can deliver on its targets.
In our latest podcast, our team discusses what Europeans should be expecting from Donald Trump, and especially what his approach to Ukraine will be.
In our latest podcast, our team discusses Europe's shocking lack of preparedness for Donald Trump.
in our latest podcast, our team discusses Europe's dependence on the US, not only for defence but also trade. The problem is that this puts us at the mercy of US voters. It is the dependency itself that is the problem - not on whom you are dependent.
In our latest podcast, our team discusses how ASML became a victim of Europe's industrial policy, and Europe's geopolitical dependence on the US.
In our latest podcast, our team discusses Germany's futile attempt to block EU car tariffs against Chinese manufacturers, and this says about the state of the union.
In our latest podcast, our team discusses how the political centre gets squeezed in France, the Netherlands and Germany, and good and bad ways for centre parties to deal with the far-right.
In our latest podcast our team discusses the politics of fear in Europe - with a focus on immigration and the de-industrialisation.
In our latest podcast, our team discusses the Draghi report and what it would take to implement it.
In our latest podcast, the team discusses the appointment of Michel Barnier as French prime minister, why this suits Le Pen, and how the left managed to turn an election victory into a defeat.
France and Germany both face political gridlock and some gloomy prospects though it plays out quite differently on each side of the Rhine
In our latest podcast our team discusses what could be Italy's most successful export - governo tecnico, or government by bureaucrats. It's happened in the Netherlands, and may soon be happening in France.
In our latest podcast, our team discusses the implications on Europe of US tariffs, under a Trump presidency, and of China's accelerating push into manufacturing.
In our latest podcast our team discusses the options, or lack of, for a French government
In our latest podcast, our team discusses the scenarios for France after the parliamentary elections.
In our latest podcast, our team discusses the weakness of the centre in European politics - and what it should do, but most likely won't.
In our latest podcast, our teams discusses one important aspect of the French elections - the choice between three unfunded and unsustainable fiscal policies.
In our latest podcast, our team discusses how the EU will change, or rather not change, after the European elections.
In our latest podcast our team discusses Macron's political gamble to call parliamentary elections, and the consequences for French politics and the EU.
In our latest podcast before the European elections, we discuss how we see the evolving campaign, and what is at stake.
In our latest podcast, our team discusses the potential realignment of the European right, the prospects of a centre-right, right coalition, and the obstacles it might face.
In our latest podcast, our team discusses the European elections, the lack of a unifying theme and the risk of political fragmentation.
In our latest episode, our team discusses Spain asserting leadership on Palestine, and on the student protests spilling over to Europe.
In our latest podcast, our team discusses the extraordinary gap between the success of Spain's economy and the level of toxicity of Spanish politics.
In our latest podcast, our team discusses Europe's hardening stance on China, and the history of that relationship.
In our latest podcast, our team discusses the unity, or lack of unity, of the far-right in Europe. The discussion on the migration pact shows that they divide on national lines, and are unlikely to constitute a united political force.
In our latest podcast, our team discusses how the difficulty of measuring economic performance, and economic size, is affecting policy decisions, like western support for Ukraine and pension reforms.
In our latest podcast, our team discusses the shades of grey that have emerged in western countries' support for Ukraine. It's no longer a debate between victory and defeat.
In our latest podcast, our team discusses Geert Wilder's decision not to become prime minister, and why the far-right Chega is so strong in Portugal.
In our latest podcast, our team discusses the impact of falling productivity growth on budgets, and political cycles. The era of the political budget is over, as we can see in the UK.
In our latest podcast, out team discusses the future of European security without the US, and with France and Germany on opposite sides of the debate.
In our latest podcast, our team discusses the long-term impact Donald Trump on European foreign and security policy. Trump is a threat in the short run, but an opportunity in the long run.
In our latest podcast, our team discusses the austerity that is now descending on the EU, the consequence of Franco-German fiscal divergence, and how aid for Ukraine fits into this.
In our latest podcast, our team discusses the spread of farmers' protests in Europe, why they are happening, and the disparate ways European governments are reacting to them.
In our latest podcast, the team discusses the cult of youth in French politics, and what to expect from Gabriel Attal.
In our latest podcast our team discusses the diverging industrialisation strategies between France and Germany. France wants to re-industrialise. Germany frets about de-industrialisation.
In our latest podcast, our team discusses the European impact of the German constitutional court ruling on the debt brake.
In our latest podcast, our team discusses the political deal between Sanchez and Puigdemont, and what to expect to happen in Spain now.
In our latest podcast our team discusses the phenomenon of Sahra Wagenknecht, a politician of the left with themes of the right.
In our latest podcast, our team discusses Poland after the elections - what to expect from a Tusk-led government, and where this leaves the future of Poland-EU relations.
In our latest podcast our team discusses the rise in interest rates and bond yields in Italy and France, and whether we are at the cusp of another eurozone crisis.
In our latest podcast, our team discusses the rise in European sovereign debt yields and spreads, and wonders whether we are headed towards another financial crisis
In our latest podcast, our team discusses whether Germany's political support for Ukraine is waning, and how extremist parties are benefiting from Ukraine-fatigue.
In our latest podcast, the team discusses the return of Marion Marechal in France, the tapestry of populist politicians in France, and why centrist campaigns against populists are backfiring in Europe and the US.
In our latest podcast, our team discusses the reforms the EU needs to enact before it can admit new members. This also has important consequences for the UK, should it ever wish to rejoin.
In our latest podcast we talk about Frans Timmermans' exit into Dutch politics, Margrethe Vestager's chief economist, and on the consequences of the non-renewal of the Ukraine grain deal.
In our latest podcast, our team discusses the Prigozhin coup and what it means for Putin and the Ukraine war.
In our latest podcast, we discuss the rising strength of extreme parties and what the centre should do
In our latest podcast, our team discusses why it is so hard for the rest to make itself independent of the west; and on the political backlash against Green legislation in Europe.
In our latest podcast, our team discusses the two fundamentally different approaches to Green politics - the American approach based on technological innovation, and the European one based on targets and regulation.
In this week's podcast, our team discusses the prospect of five more years of Erdogan in Turkey, and the reasons behind France's blockade of the EU's renewable energy directive.
In our latest Podcast, our team discusses the EU's adoption of secondary sanctions, and Macron's strategy of re-industrialisation.
In our latest podcast, our team discusses the future of the centrist politics in the EU.
In our latest podcast, our team discuss Ursula von der Leyen's call for the EU to subject the relationship with China to geopolitical considerations; and on the damage caused by Germany's decision to reopen the 2035 deadline for fuel-driven cars.
Our team talks about strikes in France, Germany and the UK, what they have in common and what makes them unique.
In this episode our team is talking about France and the Netherlands as their governments is challenged by old and new rivals.
Our team is discussing how options for a peace deal for Ukraine have shifted and about the EU's unhealthy self-identification with the US when it comes to industrial politics.
In this episode we talk about the EU's proposal to match the US state aid under its Inflation Reduction Act. We also take a look at how effective sanctions on Russia's refined oil products will be.
In this episode our team talks about the pension reform strikes in France, and why de-globalisation could cause far more disruptive distributional shifts.
In our latest podcast, our team discusses a US poll showing that Republicans are opposing support for Ukraine and the recent German shift on battle tanks.
In our final podcase of 2022, we discuss how the EU should respond to the inflation reduction act.
This week we are talking about the dynamics between inflation and labour shortages in France, Germany and the UK. We also take a closer look at the foiled coup to topple the government in Germany.
In this episode we are talking about Brexit, immigration and whether a return to the EU is possible under a Labour government.
In this episode we are talking about the US inflation reduction act and the Franco-German response to it. We also look at how Turkey is defying economic orthodoxy.
A Republican majority in the house will press Joe Biden to scale back aid for Ukraine. What does this mean for Europe?
In our latest podcast we talk about how Olaf Scholz is preparing his visit to China and what it means for the Franco-German relationship and how the US might react.
Our latest podcast, in which the team discusses the fallout between President Emmanuel Macron and Chancellor Olaf Scholz, and the tragedy of the UK as a country with a majority for Brexit but with no majority for an economic model to make Brexit work.
In our latest podcast, the team argues that we should the European Political Community a chance; we also discuss the German energy subsidies and the EU strong reaction to them.
In our latest podcast, the team discusses Putin's nuclear threat, and Sunday's Italian election.
In our latest podcast, our team discusses the strange ups and downs in the gas market, and why forecast models are failing.
In our latest podcast, our team discuss the oncoming gas crisis, the oncoming recession, how to get through this winter and those that follow
In our last podcast before the summer break we discuss Italian politics, the ECB's latest bailout tool, and gas.
Today's subjects are the German gas emergency; how Macron will govern; and the split in Five Star.
On Russia's decision to reduce gas flows to Europe, and on Sunday's second round of the French parliamentary elections.
If Putin offers a ceasefire and if the food crisis gets worse, the western cohesion won't hold.
In today's podcast, we discuss the interaction of oil gas sanctions, cost of living crisis, and food security.
European gas buyers are getting ready to circumvent the EU position on rouble payments.
Our team discusses Sunday's French presidential election run-off, a contest between arrogance and ignorance.
It's the same race as five years ago, but it's also totally different. We also discuss the wider implications of China's zero Covid policy.
We discuss what Putin might or might not have achieved with his demand to receive gas payments in roubles, and the social impact of inflation.
We are wondering whether the west has really thought through its response to Putin, and especially whether it has a strategy to live without Russian gas.
Why economic sanctions are not as potent as they used to be and what Erik Zemmour and Donald Trump have in common.
On the impact of geopolitics and climate change transition on energy costs and inflation.
Scholz shows no sign of compromising over Nord Stream 2. We also discuss the new Dutch government, and a new wave of entrepreneurs in France.
Inflation is likely to prove more persistent than the optimists predicted. We discuss the implications.
The team discusses a hilarious row with Italy’s Lega, taking back control in France, and why institutional memory matters.
Our team discusses monetary policy, labour shortages, and a curious phenomenon in Italy - mass resignation of workers.
The Eurointelligence team discusses flooding in western Europe, the urgent need for climate investment, and other existential threats.
We discuss the ECB policy review, quantum computing and the changing face of Europe's far right.
The Eurointelligence team discusses Le Pen, Macron and Merkel's recent faceplants, the politics of quarantines, and unrealistic climate targets.
The Eurointelligence team discusses the French regional elections and the return of Les Républicains', European summitry and green investment.
The Eurointelligence team discusses the difficult choices that lie ahead in transatlantic foreign policy, Brexit's never-ending battles and how to deal with China.
The Eurointelligence team discusses the German regional elections and the G7's historic tax deal
The Eurointelligence teams discusses the Belarus hijacking and why the EU is so vulnerable to hostile neighbours.
The Eurointelligence team discusses Finland's problems with the recovery fund, a scandal for the Greens in Germany, and Amazon's dodgy tax practises.
The Eurointelligence team discusses Scotland's prospects for independence and for EU membership, and Keir Starmer's uncertain future.
The Eurointelligence team discuss Europe's lukewarm conflicts, constitutional courts and German coalition scenarios.
The Eurointelligence team discusses Putin's new narrative, party infighting in Germany and why green spending is so hot right now.
We discuss the battles to decide who will be chancellor candidate in Germany, how long we can do "whatever it takes" and a turning point in Europe's vaccination campaign.
The Eurointelligence team discusses Erdogan's PR victory, the EU's feckless foreign policy, and the hopeless task of navigating Sino-American tensions.
The Eurointelligence team discusses how senseless vaccine PR wars distract from looming lockdowns, the plight of the Ever Given and why Franco-German business interests make the EU vulnerable to China.
The Eurointelligence team discusses Europe's chaotic vaccine roll-out, a French lockdown that is not a lockdown, the US U-turn on Nord Stream 2 and a potential changing of the guard in the Dutch and German finance ministries.
The Eurointelligence team discusses Germany's state elections, Orbán's far-right vision, ECB nonsense and Mr. Teflon's prospects in the Netherlands
The Eurointelligence team discusses Orbán's exit from the EPP, seismic shifts in Italian politics, tension and drama in Northern Ireland, and the unloved conference on the future of Europe.
The Eurointelligence team discusses vaccine smear campaigns, the potential for a fiscal union, and Germany's business-first foreign policy.
The Eurointelligence team discusses Bitcoin's rise, Facebook's battles with publishers and governments, and political shifts in Germany, Italy and France.
The Eurointelligence team discusses Germany's inability to abandon Nord Stream 2, the growing Franco-German divide and Italy's reform prospects
The Eurointelligence team discusses the new Italian prime minister, Europe's vaccine crisis and Germany's shift towards Russia.
The Eurointelligence team discusses Italy's Mexican stand-off, the EU's vaccine crisis and Reddit's short squeeze
The Eurointelligence team discusses political wrangling in Italy, the pandemic's third wave, and the new US president.
The Eurointelligence team discusses the next German chancellor and assorted political crises.
The Eurointelligence team discusses vaccine crises and the EU-China comprehensive agreement on investment.
The Eurointelligence team discusses the diminishing prospects of a Brexit deal, sanctions on Turkey and a cursed rule of law compromise.
The Eurointelligence team discusses a new EU proposal to rein in Poland and Hungary, Brexit posturing, and the transatlantic reset
Wolfgang Munchau discusses rule of law challenges in Hungary and Poland with Timothy Garton Ash.
Wolfgang Munchau discusses Trumpism, austerity and the US-China Cold War with Yanis Varoufakis.
The Eurointelligence team discusses lockdown 2.0, the US elections, and other doom and gloom scenarios.
What will Italy do with the recovery fund money? Are structural reforms possible? And how sustainable is Italian debt? We spoke with a former Italian finance minister to find out in our latest podcast. Visit www.eurointelligence.com/podcasts to join the conversation.
We discuss Boris Johnson's not-so-surprise announcement that trade talks with the EU are over - and whether this is actually true - as well as the EU's feeble response to Turkey's provocations. Visit www.eurointelligence.com to join the conversation.
The Eurointelligence team talks about the politics and economics of the second wave and the extent to which Europe's position on Huawei is shifting. For more background visit the Eurointelligence website.