Growing queue for EMU membership

When the Berlin Wall collapsed in 1989, there was a sense of euphoria for the economies of Central a...

When the Berlin Wall collapsed in 1989, there was a sense of euphoria for the economies of Central and Eastern Europe. The celebrations however, were short-lived as the transition was harder than expected. Today though foreign investors are recognising these efforts and the prize of EU membership is within grasp for some countries. Within emerging Europe there are clearly differences in the stages of economic and political development. However, they are unified by one common goal - a firm commitment to join the European Union. This goal of EU convergence should continue to exert a positive...