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...

Recent months have seen an improvement in economic outlook, a calming of the sovereign debt crisis and a stabilisation of unemployment rates. ECB President Mario Draghi was, however, cautious in his assessment of the emergent European recovery in January, calling it ‘modest’, ‘weak’ and...