What kind of convergence does the euro area need?
Jacques Delors Institut ; auf dem Brinke, Anna ; Enderlein, Henrik ; Fritz-Vannahme, Joachim
Bertelsmann Stiftung, Gütersloh
Bertelsmann Stiftung - Gütersloh
2015
34 p.
economic growth ; economic indicator ; economic policy ; EMU ; productivity
EMU and International monetary system
http://www.bertelsmann-stiftung.de/
English
Bibliogr.
"The Economic and Monetary Union has failed to generate convergence for its member states in the area of economic performance. It is true that the Single Market Act of 1986 was followed by rapid convergence. However, since the introduction of the euro there has been slow and steady divergence. Why did this happen?"
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