ECSA-Austria: European Integration online Papers
of EMU). Second it reviews how ERM2 is conducive to future euro-zone membership of the accession countries. From the … "outs" to fulfill the convergence criteria, and whether in this case "ins" open the door for the "outs" to enter the euro-zone …. First, it considers how ERM2 regulates the monetary cohabitation of "ins" (Eurozone members) and "outs"(non-Eurozone members …