Sognsveien 68 (map)
During the euro crisis, the European Central Bank carved out a new and more significant role for itself. While many agree that this saved the euro in the short term, new research by Jørgen Bølstad at ARENA suggests that the ECB’s new role as a lender of last resort may also prevent future crises.
If the EU admits that it is a federation, the Union might be better able to strike the right balance between the supranational and national levels. Professor John Erik Fossum wants to revive the controversial concept.