Convergence rules best route to euro-adoption

The structured convergence process towards euro adoption provides the best guarantee for a smooth inclusion and a mutually beneficial life in the monetary union, Jurgen Stark, a member of the European Central Bank's executive board, said.

The ECB would not support unilateral euroisation because this would be a way of circumventing the convergence process, Stark said.

Stark said that while "the house of EMU [European economic and monetary union]" is open to newcomers, the central bank "would like

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