Angela Merkel and Emmanuel Macron have finally laid out their joint vision for the future of the European monetary union. Unfortunately, their Meseberg Declaration looks like a missed opportunity: It is ambitious where it can afford to be vague and modest where it needs to be concrete. The Franco-German plan will be the foundation for next week’s crucial European Council. ...

The history of the financial crisis tells a disturbing tale for those who hold dear prosperity and democracy. Although this should have been the moment for representative governments to rise to the occasion, too often political leaders failed to take the actions needed to preserve the welfare of those who elected them. The institutions that did the most to help ...

In the Trump era, bankers and regulators were supposed to get along just dandy. In the wake of this year’s stress test, there is some hope that might not be the case. Last week, after the release of the first stage of the annual bank stress test, Goldman Sachs Group Inc. put out a statement indicating that it was unhappy ...