Convergence report

ERM II is not a waiting room but rather an exercise room

recent pronouncements from the ECB and the commission. For instance, When will the new member states of the European Union join the euro? After all, the process is convoluted - each step towards membership must be agreed between the country concerned, the European Council, the ECB, and the European Commission; inevitably, there will be a good deal of negotiation. Each country will be assessed individually on a case-by-case basis. The

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