there is no shorter-term trade-off between fast real convergence and low inflation. Such a tradeoff characterises the … not necessary for fast convergence. Giving up the national currency is risky. It may stop convergence or precipitate …

members have diverged since the Eurozone was created, in contrast to earlier trends which had seen rapid convergence in living … disparities among the 12 Western European member countries. In fact, incomes per capita between Southern and Northern Eurozone … Eastern European countries (Estonia, Latvia, Lithuania, Slovakia and Slovenia) which joined the Eurozone between 2007 and 2015 …