ECB Convergence Report - May 2006

The euro was introduced on 1 January 1999 in 11 Member States and on 1 January 2001 in Greece. Following the enlargement of the European Union (EU) with ten new Member States on 1 May 2004, 13 Member States are not yet full participants in Economic and Monetary Union (EMU).

This Convergence Report contains two chapters. Chapter I describes the key aspects and results of the examination of economic convergence. Chapter II examines the compatibility of Lithuania’s and Slovenia’s national legislation, including the statutes of its NCB, with Articles 108 and 109 of the Treaty and the Statute of the of the ESCB. [...]

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