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...

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...

Consensus forecasts point to slowing growth in the EU during 2012, with some at least indicating a return to recession. Sovereign debt issues in a growing number of Member States – the response to them and anxieties regarding their eventual resolution – are one important contributing factor....