Following the decrease in oil prices, inflation went back under 2% in the euro area. But the ECB still considers that risks lie on the upside. The tightening of monetary policy has come close to an end since a last interest increase is scheduled in June 2007. The Federal reserve faced a dilemma...

The European Union?s Court of First Instance has overturned several decisions of the European Commission relative to mergers and acquisitions on the ground of failures in the economic assessment of their competitive consequences. As a solution, the Commission, inspired by the US experience,...

The volatility in electricity markets disrupts price signals for investors and could induce an insufficient level of generating capacity. The risks are all the more significant since the profitability of peak-load capacities is especially sensitive to the level of prices that are realised during...

The judicial decisions relative to public aids granted by regional airports to low cost companies highlight the issue of the compatibility between the European competition policy and the measures taken by the local governments in order to promote the attractiveness of their territory. The court...