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Image header Agence Europe
Europe Daily Bulletin No. 8811
Contents Publication in full By article 12 / 43
GENERAL NEWS / (eu) eu/emu

2004 Convergence reports: neither Sweden nor new Member States are respecting criteria, but Joaquin Almunia welcomes progress made

Brussels, 20/10/2004 (Agence Europe) - The convergence reports of the Member States of the EU which have a derogation from the Economic and Monetary Union (the 10 Member States who joined on 1 May, and Sweden) brought with them no great surprises, as none of the Member States in question fulfils all the conditions to be able to adopt the euro. This was inevitable as one of the criteria is that of requiring participation in the European Exchange Rate Mechanism (ERM II) for a minimum period of...

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