European Economic Convergence and the Entrance of New Members in the European Union

The European integration is based on a parallel (converging) and harmonic development between the member states. Too big disparities thus could destroy the integration process. Most lately this parallel and harmonic development has been actualized by the preparations for the monetary union. Without the possibility of a national currency adjustment the lack of parallel or converging development will cause local poverty and unemployment and give grounds for mass emigration.