Europe’s current economic situation has striking parallels with the 1970s oil price shocks. In this post, Professor Waltraud Schelkle (Political and Social Sciences/Schuman Centre) explains why central banks are reluctant to fight inflation resolutely now: their fixation on asset markets as the metric for successful stabilisation.

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.