All new member states have seen their per capita income rise since they joined the EU. But this convergence cannot be taken for granted and the countries with a large share of low-skilled workers are at a risk "of not converging effectively", a World Bank official warned.
The French minister for economy has said Europe needs to find long-term perspective, define its values and lay out a plan for the next 15 years, to be validated by an EU-wide referendum. EURACTIV's partner La Tribune reports.
Plans for a eurozone budget have progressed quickly in recent months. The European Parliament is finalising its proposals and two European Council summits will focus on the subject by the end of the year.
The European Commission wants to establish minimum social rights as part of a package due to be unveiled in Spring 2016. Paris and Berlin are exploring plans for a "social Eurogroup", the French President said. EURACTIV France reports.
New member states and Sweden are unlikely to adopt the euro in the near future, according to convergence reports issued by the Commission and the European Central Bank (ECB). The Commission has urged candidates to step up their efforts.
The economic divergence is growing among EU countries. Rich countries get richer as compared to the average and the poor getting poorer. The EU's efforts to achieve economic and social convergence is put in question.