ERM Quarterly - Issue 4, January 2014

Recent months have seen an improvement in economic outlook, a calming of the sovereign debt crisis and a stabilisation of unemployment rates. ECB President Mario Draghi was, however, cautious in his assessment of the emergent European recovery in January, calling it ‘modest’, ‘weak’ and ‘fragile’. This fourth issue for 2013 includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/10/13 - 31/12/13); Sectoral distribution of job losses/job gains, and top five cases; Support instruments for restructuring in Greece; Cases in focus: RTVV, Spain - Liepajas Metalurgs, Latvia; Retail sector in focus – Amazon's expansion.