2024 Convergence Report assesses non-euro area member states' progress towards adopting the euro, with none meeting all accession criteria.
The European Commission's 2024 Convergence Report assesses progress made by non-euro area member states towards adopting the euro. The six member states legally committed to adopting the euro – Bulgaria, Czechia, Hungary, Poland, Romania, and Sweden – display mixed results in terms of nominal convergence, with none meeting all the accession criteria. The report highlights that challenging economic conditions and geopolitical uncertainty have limited progress in these countries, and as of now, no prospective euro members meet the criteria for joining.
June 26, 2024
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