This third issue of the ERM quarterly includes: current macroeconomic trends from the World Economic Outlook, published in September 2006 by the International Monetary Fund (IMF); the overall ERM statistics for the third quarter 2006; offshoring from eastern Europe during the last two years, in...

Nearly two years after the technical end of the ‘Great Recession’, there are increasingly divergent patterns of recovery across the EU. Member States in the German – central Europe – Baltic axis are enjoying strong growth and improving labour markets while the debt-laden ‘periphery’...

Significant ECB interventions in December 2011 and February 2012 have helped to stabilise, at least in the short-term, Eurozone sovereign debt concerns. A fresh focus on the essentials of economic activity reveals a weakening EU economy with an increasing likelihood that the Union is already in...