While EMU membership is greatly advantageous in the long-term, choosing the right moment to join and the best way towards membership depends on the specific situation of every individual country, as the future members differ in their economic structure, their current exchange rate regime, integration with the euro area and the degree of nominal and real convergence already achieved.
1)  The unleashing of their energies in a more supportive institutional environment will do a lot of good to higher growth and poverty-reduction goals. In the short term, however, we are grappling with the problem of inflation.