2. Convergence in the eurozone?

2. Convergence in the eurozone?

The Maastricht Treaty established convergence rules in 1992. According to the conjectures of the politicians in charge of its design, as long as the rules are adhered to, the states converge economically. The following will examine whether convergence has effectively taken place 27 years after Maastricht, 20 years after the introduction of the euro and 10 years after the outbreak of the financial crisis.


2.1 Convergence – Theory and Practice

European Monetary Union and the  optimal currency areas theory

Summary of the European Commission

2.2 Convergence indicators

2.3 Divergence leads to migration

2.4 Concluding remarks on convergence

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