Jacques Delors Institut - Berlin, Bertelsmann Stiftung (ed.)

Dr. Anna auf dem Brinke

What kind of convergence does the euro area need?

  • 1. edition 2015, 36 pp (PDF)
  • Free of charge

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?