ERM quarterly – Issue 4, winter 2010

Sovereign debt issues dominated the agenda in the final quarter of 2010 as a second EU Member State, Ireland, required EU-IMF intervention in November to stave off default. Given similar concerns in other Member States, a focus on the health of the euro and on individual government deficits and access to market funding will continue throughout 2011. The fourth issue for 2010 includes: current macroeconomic trends and prospects; an overview of ERM cases for October-December 2010; sector in focus: Postal sector liberalisation; and restructuring research notes.