The Centre for European Reform is a think-tank devoted to improving the quality of the debate on the European Union. It …

have posted higher average growth and wider output fluctuations than the euro area and other EU countries. Second, a set of … different methodologies suggests that business cycles of accession countries have been less synchronised with the euro area than … than the euro area "peripherals" (Greece, Portugal and Ireland). Moreover, synchrony differed across countries. Some …