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Comment on the problems of a lack of economic convergence (10)

Convergence is the process by which the economic conditions in different countries
become more similar In order to achieve the aims of price stability by the European
Monetary Union. Upon entering a single currency, the euro, countries must meet…

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A lack of of economic convergence may be is greater problem for smaller countries in
the European Union, such as Greece and Portugal compared to core countries such as
France, Germany and Italy as their labour markets are likely to be more flexible and
there could be greater levels of…

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