Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or increase of expenditures. The current financial crisis...

This case study focuses on the measures used by ArcelorMittal to cut costs and avoid involuntary redundancies during the crisis in its largest Romanian subsidiary. The study aims to assess the effectiveness of the various measures applied to keep staff in employment and to ensure the company’s...

The EU emerged from recession in the third quarter of 2009 but growth remains anaemic ( 0.3%, EU27) and well below trend rates. Unemployment notably continues to rise and its pace of increase has accelerated in the most recent quarter to reach the highest levels in over a decade (9.5%, EU27)....