More convergence alone will not resolve all of the design flaws of the euro area. But it is a necessary building block for a better functioning of the euro and the pre-condition for future reforms.
The complete study can be found on the right-hand side.
The study will be presented in Berlin on 3 December 2015 on the occasion of the conference “Which convergence for the euro area?” Further information about the event can be found here.
This publication is part of the joint research project by the Bertelsmann Stiftung and the Jacques Delors Institut – Berlin, “Repair and Prepare: Strengthen the euro“. Please visit our website for more information and other publications on reforming the euro area.