Each day FT Leader writers on the Editorial Board meet to discuss the topics to be considered for Leader columns. Here are the issues that dominated this week:
After a pair of royal leaders focusing on the death of Queen Elizabeth II and the ascent of King Charles III, our Editorial Board has returned to financial territory in recent days.
The ever-strengthening dollar is
posing problems for Europe and Asia
alike, we wrote - and against the odds. "America’s shrinking share of global output, the rise of digital currencies and the weaponisation of the dollar in sanctions against Russia have all been cited as reasons for its potential demise. Yet the currency still has... a dominant role in global trade and finance.”
We focused on
EU efforts to stave off a winter energy crisis
, as Vladimir Putin ramps up pressure by withholding gas supplies. “Europe has held its ground well so far,” we concluded. “But the economic war with Putin will finally be won or lost on how well the bloc can stick together.”
And as China's emerging-market lending exposes it to rising losses,
we urged greater cooperation with the international community
. “The chances of averting crises, or dealing with them swiftly, will be greatly enhanced by such a spirit of co-operation between China and western-led agencies,” we concluded.