Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or increase of expenditures. The current financial crisis...

This case study focuses on the measures used by ArcelorMittal to cut costs and avoid involuntary redundancies during the crisis in its largest Romanian subsidiary. The study aims to assess the effectiveness of the various measures applied to keep staff in employment and to ensure the company’s...

The EU emerged from recession in the third quarter of 2009 but growth remains anaemic ( 0.3%, EU27) and well below trend rates. Unemployment notably continues to rise and its pace of increase has accelerated in the most recent quarter to reach the highest levels in over a decade (9.5%, EU27)....

The financial crisis that began in 2007 as a liquidity crisis for banks has transformed itself into a sovereign debt crisis that threatens the viability of the eurozone and the foundations of the European Union. In this study, we analyse some of the recent regulatory initiatives in response to...

This is the second annual programme of the four-year period and continues Eurofound’s work in the following three research focus areas: employment growth and supply of labour in changing labour markets, more and better jobs and higher productivity through partnership, and promotion of social...