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...

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...