ERM quarterly : quarter 1 - january 2015

Economic recovery in the EU has some positive tailwinds at last. These come in three forms; reduced oil prices are a significant boon to the EU as it is a major net importer; the ECB’s decision to adopt unconventional monetary policy options previously implemented in other developed economies (quantitative easing) appears to be providing positive stimulus; and this has contributed to lowering the value of the euro against other currencies, boosting demand for European exports. This issue includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (01/01/15 - 31/03/15); Sectoral distribution of job losses/job gains, and top five cases; Case in focus: Job creation at Deutsche Post DHL; Case in focus: Job loss at Poczta Polska; Restructuring support measures in focus: Supporting access to finance.