What kind of convergence does the euro area need?
"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....
| Main Authors: | , , , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Gütersloh
2015
Bertelsmann Stiftung |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19107851124919250339-What-kind-of-convergence-does-.htm |
| Summary: | "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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| Physical Description: | 34 p. Digital |