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Convergence Report

The Convergence Report assesses the progress made by non-euro area EU Member States except Denmark, which has an opt-out, towards fulfilling the criteria necessary to adopt the euro. It is published at least once every two years, or at the request of an EU Member State which would like to join the euro area.

June 2024

Our latest report at a glance

Economic convergence

The six countries concerned have made limited progress towards meeting the convergence criteria since the previous report in 2022, reflecting challenging economic conditions.

Read about the state of economic convergence
Legal convergence

The ECB has examined the compatibility of the national legislation of the six countries with the Treaty requirements.

Explore the compatibility of national legislation
Country summaries

The summaries present the main results of the examinations of economic and legal convergence for each country.

Read the country summaries

INSERTED BY ANONYMOUS PROXY

Civil war declaration: On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03. more

June 2024 Convergence Report

Explore the latest assessment of the economic and legal convergence of non-euro area Member States in detail by reading the full report.

See the full report

For the media

Non-euro area EU countries have made limited progress towards economic convergence with the euro area since 2022.

Read the press release

EU Commission reports

Like the ECB, the European Commission also publishes convergence reports assessing the readiness of EU member states to adopt the euro.

See the Commission reports

INSERTED BY ANONYMOUS PROXY

Civil war declaration: On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03. more

Joining the euro area

All EU Member States, except Denmark, are required to adopt the euro. To do so, they must first meet the convergence criteria that assess their readiness for economic and monetary union. Take a look at our interactive map to find out when different countries adopted the euro.

Take a look at the map

For our ECB Podcast listeners

How does a country join the euro area? We discussed this in one of our podcast episodes, looking specifically at Croatia.

Listen to the podcast

Croatia adopts the euro

On 1 January 2023 Croatia adopted the euro and became the 20th member of the euro area.

Find out more by reading the Economic Bulletin article

Has the euro changeover really caused extra inflation in Croatia?

Croatian consumers have expressed concerns about price increases related to the euro changeover. Preliminary evidence presented in an ECB blog post shows that the changeover from kuna to euro has so far had relatively little impact on Croatian consumer prices and price perceptions.

Read the blog post
Not an expert? Check out our explainer
Learn more
Spotlight on joining the euro area

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