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...

With GDP growth stagnating, the unemployment rate continuing its upward trend, and unresolved sovereign debt issues in many Member States, it is not easy to be optimistic about the prospects for EU labour markets. The best news tends to be of the ‘it could be worse’ variety. The second issue...