ECB article examines lack of real convergence in eurozone

25-euros

There were three main factors behind the lack of sustainable real convergence among the eurozone economies since the creation of the euro, according to an article in a bulletin published by the European Central Bank (ECB) today (July 29).

The article acknowledges there were "initial expectations that the single currency would act as a catalyst for faster real convergence" that have not been met. One reason, it says, is that institutional conditions were "not supportive of business innovation and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.