Part I European Space Activities in the Global Context.- Developments in Space Policies, Programmes and Technologies throughout the World and in Europe.- Part II The Effect of the Financial Crisis on Political Decision-Making.- The Psychology and Reality of the Financial Crisis in Terms of Space Cooperation.- Space Industry and the Financial Crisis.- the Last Frontier for Socio-Economic Impacts Evaluation? - The Case for the Eumetsat Polar System (EPS)/Metop Second-Generation Cost Benefit Analysis.- The Benefits of Human Space Flight; the Discourse at a Time of Financial Crisis.- Space, Youth Unemployment and Professional Status in the Financial Crisis.- Part III June 2011 - May 2012.- Bibliography of Space Policy Publications July 2011 - June 2012.