► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />As tens of thousands of refugees are welcomed by Germany and Sweden the UK’s response has been woeful, says the FT’s chief political commentator Philip Stephens.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
