On 4 November 2014, the European Central Bank assumed responsibility for the supervision of euro area banks. Christy Ann Petit takes a look at how banking supervision, a pillar of banking union, is leading to greater European integration, six years on.

The coronavirus pandemic hit when the world was still reeling from the Great Recession, delivering a serious blow to economies everywhere. Will European welfare states be able to absorb this new shock? Anton Hemerijck and Robin Huguenot-Noel urge welfare states to consider long-term objectives for greater resilience to short-term crises.

In the wake of the recent and rather fruitless Multiannual Financial Framework summit earlier this month, Lucas Schramm, EUI Ph.D. Researcher in Political and Social Sciences, analyses the difficult EU budget negotiations and argues that richer member states should be prepared to shoulder more of the costs in 2021-2027.

Recent EUI graduate and political scientist Tobias Tesche argues that non-partisan fiscal councils provide greater transparency on fiscal policy, strengthen EMU governance and reign in populist tendencies.