Convergence: Are the Eurozone Countries Too Different?
The crisis has made some of long existing economic differences between Eurozone members more acute. An important question is how to relaunch convergence in the Eurozone. In what areas should the member states 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.
This briefing, written by Anna auf dem Brinke
, research fellow at the Jacques Delors Institute – Berlin, explains in which areas the euro countries need to converge.
It asks what differences could or should remain and it looks at the necessary instruments to achieve this.
In the publication series “Europa briefing”, the Bertelsmann Stiftung and the Jacques Delors Institut – Berlin cover key topics of European politics and present possible scenarios: What is the problem? What might happen next? And what can politics do now? You will find all the publications from the joint project here:? www.strengthentheeuro.eu