The European Monetary Union is achieving the opposite ofits stated goals: bring its member states closer to an economic equality. Conspicuously, it is Germany that is benefitting from this contradictory policy. European Economic & Monetary Union (EMU) is in permanent crisis. The economic strengths of the participating nations are drifting apart instead of converging. This creates great frustration among the governments of countries being left behind and fierce disputes between them and Brussels and governments of core countries.
The currency union was based on the premise that the economic structures and levels of prosperity among the members of the union would converge.