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According to the most recent DG-ECFIN quarterly report, the euro area remains ‘deep in recession mode’: unemployment is rising in all Member States. The second issue for 2009 includes: current macroeconomic trends and prospects; an overview of ERM statistics for April-June 2009; state aid for companies affected by the crisis – the case of Germany; recent news on restructuring from the European Industrial Relations Observatory; collective redundancy data: Spain; restructuring in Cyprus and Malta.
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