Summary of Convergence in the European Union

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Convergence in the European Union summary
Start getting smarter:
or see our plans

Rating

7

Qualities

  • Analytical
  • For Experts
  • Important

Recommendation

Closing the prosperity gaps across its members is a high priority of the European Union’s economic integration. Current evidence indicates that the newly admitted states in Central and Eastern Europe have robustly gained on the older EU members. But the difference between the richest and poorest of the original 12 nations is wider than it was at the inception of the euro. Economist Daniel Gros, writing in a dry prose style, offers a granular analysis of EU convergence prospects. getAbstract recommends this expert assessment to consultants and analysts.

About the Author

Daniel Gros is the director of the Center for European Policy Studies.

 

Summary

One of the European Union’s founding objectives in bringing together countries, capital, goods and services into a single market with a common currency was to even out income and economic growth between its wealthier and poorer members. A study conducted in 2018 documents uneven progress in this sought-after equalization. Distinct groups of countries have moved in different directions. Per capita income in the new EU nations in Central and Eastern Europe grew relative to that of the older EU members, while income disparities increased among the 12 original euro-area “Northern and ...


More on this topic

By the same author

Banks as buyers of last resort for government bonds?
7
The Eurozone’s Hidden Strengths
8
An Assessment of the Economic Impact of Brexit on the EU27
8
The Negative Rates Club
8
Implementation of the Macroeconomic Adjustment Programmes in the Euro Area
8
The Global Economy in 2030
8
The EMS Crisis of the 1990s
7

Customers who read this summary also read

Global Inequality
9
Equity Finance and Capital Market Integration in Europe
7
Redefining Europe’s Economic Sovereignty
8
And the Weak Suffer What They Must?
8
The Euro as an International Currency
7
Making a Reality of Europe’s Capital Markets Union
7

Related Channels

Comment on this summary