ERM quarterly – Issue 3, autumn 2011

The economic situation continues to be dominated by sovereign debt problems in the eurozone countries. As these continue to remain unresolved, general sentiment has turned negative amid fears of a new second phase of the Great Recession of 2008–9. The third issue for 2011 includes: summary; current macroeconomic trends and prospects; overview of ERM cases July-September 2011; restructuring at Nokia Romania; restructuring in the education sector; restructuring research notes: globalisation and labour markets conference; note on methodology.