As regards “nominal” convergence - that is the trends in inflation rates, (nominal) exchange rates and long-term interest rates - considerable progress was made in some EU countries. Also, measures to consolidate public households were introduced, which resulted in most countries deficits being pushed below 3 % of GDP.
Indeed, they are not even allowed to ask for instructions. It was for monetary policy reasons that the Governing Council, in full independence, adopted all the non-standard measures. The crisis is being caused by excessive debt in euro area countries.