Progress towards real convergence
among the 12 original eurozone countries has been
"disappointing", the European Central Bank (ECB) said in an
economic bulletin published Thursday.
Italy in particular has shown below average growth, with
the result that divergence between economies has increased, it
said.
Low capital inflows, labour productivity that is "well
below the euro average" and low-ranking governance of public
institutions have all contributed to the economic weakness, the
ECB said.
ALL RIGHTS RESERVED © Copyright ANSA
