Europe is slowly emerging from one of the deepest recessions on record with the European Commission predicting positive growth in the third quarter of 2009. In the EU27, GDP output growth was down nearly 5% year on year in the second quarter of 2009; however, the most recent quarterly output data are beginning to paint a more encouraging picture, with positive growth taking place in 10 Member States, including France and Germany, between the first and second quarter of 2009.

Full text: Restructuring in the European shipbuilding sector.pdf