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"The end result is the economic convergence of 10 countries - one single economy."
It is more that the policy of the euro countries has contributed far too little to economic convergence.
No-one would have believed even a year ago that such a degree of economic convergence was possible.
All that is required is close economic convergence and similar national fiscal policies.
Even worse, the euro actually reduced their incentives to achieve economic convergence.
They agree that there should not be a currency union before there has been much more economic convergence within the Community.
Without more economic convergence, we will jeopardise the common currency and the common market.
They say economic convergence to this extent, one undercutting sovereignty, would not be necessary to make a European central bank work.
While not opposing the 1994 start of the second stage, the Dutch are demanding that progress be tied to economic convergence.
Does it intend to table proposals to strengthen economic convergence in the eurozone?
Equally, when it comes to how this single currency is to be achieved, we cannot ignore the importance of real economic convergence.
During the past years economic convergence has improved rather spectacularly, despite sometimes difficult conjunctural effects.
A high level of growth, increased employment, social protection and economic convergence can be achieved only through long-term investment, especially in infrastructure projects.
Hey presto, economic convergence and monetary union -without a European central bank.
They are of course the main instruments through which we grant financial support so as to speed up and support the process of economic convergence.
Different approaches may consider the factors that contribute to economic convergence or non-convergence across households, regions, and countries.
You cannot set a rate of unemployment to be achieved in the same way as you set other economic convergence criteria.
Those who think EMU will go ahead because there is proper economic convergence are wrong.
The current monetary instability runs in the face of the Maastricht treaty, which tried to set guidelines for rapid economic convergence.
What the real economic convergence is, or whether the economic structures of the Member States link up with each other; these questions are ignored.
The new political crisis makes it less likely that Italy will meet the EC's requirements for economic convergence on time.
Advocates envisaged an orderly process in which economic convergence accompanied and facilitated global economic growth.
A high level of long-term economic convergence within the Eurozone countries is a prerequisite for a strong, stable European currency.
We all remember the efforts made by individual Member States to achieve economic convergence, which constitutes the precondition and basis for a stable euro.
Moreover, did a country joining the Euro not need to satisfy the EU's economic convergence tests?