Yet, in order to foster not only economic convergence and, moreover, go beyond this to create political convergence and lasting buy-in through a new political narrative, requires a process that is both economic and political. What would be the key features of the economic dimension of the process?
In my view, a small number of simple, but important conditions would need to be met, namely a) consensus on designating economic policies as a shared competence; b) agreement on which policy areas should be subject to convergence; and c) a mechanism ensuring that convergence will continue beyond the end of the initial process.