smaller euro area countries towards the end-1990s, it is too early to detect any potential impact of EMU. 3) Despite some … changes in sectoral composition, the business cycles of euro area countries became more synchronised over the 1990s, which may … much as 50% of the increase in labour productivity growth in business sector services in the euro area. 5) The slowdown of …

, which among other things is intended to update the market access agreements. The fate of the agreement is uncertain because …