This fourth issue of the ERM quarterly includes: current macroeconomic trends, according to the World Bank; an overview of ERM statistics for the fourth quarter 2006; restructuring at Volkswagen and at EADS, the leading European aerospace and defence group; and, for the first time, a separate...

This first issue for 2008 includes: an overview of current macroeconomic trends and prospects; an overview of the ERM statistics for the first quarter of 2008; a focus on restructuring in the financial services sector; the closure of Nokia in Bochum; and restructuring in Cyprus and Malta.

After a dramatic final quarter of 2008, the European economy is facing a sharp slowdown in economic activity. The euro zone is officially in recession with the EU27 likely to follow. The fourth issue for 2008 includes: Current macroeconomic trends and prospects; an overview of ERM statistics for...