The Eurozone countries are economically different. The crisis has rendered some of these differences more acute and this could destabilize the currency union. The Eurozone countries therefore need to agree on which type of convergence is most important to them and the best way to achieve it. In what areas should they converge? What differences could or should remain? And what policy instruments are required to achieve this?
The Eurozone countries are economically different. The crisis has rendered some of these differences more acute and this could destabilize the currency union. The Eurozone countries therefore need to agree on which type of convergence is most important to them and the best way to achieve it. In this briefing, we will show what will happen if there is no further alignment of the euro countries, and what European policy might agree on in order to increase convergence in the euro area.
The Bertelsmann Foundation and the Jacques Delors Institut – Berlin explain the key issues of European policy in the publication series "Europa Briefing" and present possible scenarios: What is the problem? How could it go on? And what can politics do now?
All the publications of the joint European project with the Jacques Delors Institut – Berlin are available at www.strengthentheeuro.eu