Eurozone convergence 'disappointing'

(ANSA) - Rome, July 30 - 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.