The defeat of British Prime Minister Theresa May's Brexit deal means that all options are the table.
For Hans-werner Sinn's latest contributions to The Japan Times, see below:
After two years of US President Donald Trump treating European allies as if they were adversaries, France and Germany have finally committed to the creation of an EU-wide army under a central command.
Jean-Claude Juncker's plan to accelerate eurozone accession threatens to re-create in spades the chaos of the past decade.
The only way out of the malaise plaguing numerous economies is a hefty dose of creative destruction.
The EU will disintegrate if it doesn't change its migration rules that have made it a welfare magnet for economic migrants.
If freedom of movement within Europe is to be maintained — and if high inflows of non-EU citizens continue — European welfare states face a stark choice: adjust or collapse.
If recent events have taught us anything, it is that threats to the EU stem not from inadequate fiscal risk-sharing, but from insufficient coordination on foreign-policy and security challenges.
In order to avert chaos, Germany has no choice but to impose restrictions on the number of migrants it accepts.
The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. Only one difference exists between the two episodes: In today's crisis, huge international rescue packages have been available. These rescue packages have relieved the eurozone's financial distress, ...
There is no other way for Italy to correct its price differential with Germany and other EU members than to carry out a real depreciation, something that is easier said than done.