European Commission’s 2026 Convergence Report assessed the readiness of non‑euro area member states to adopt the euro. The report concluded that Czechia, Hungary, Poland, Romania, and Sweden do not meet the required criteria. All five countries satisfy some conditions, such as price stability or public finances, but fail in other areas, notably exchange‑rate stability and, in most cases, long‑term interest‑rate convergence. Legal compatibility with the Treaty’s compliance duty also falls short for each state. The findings mean none of the examined states are eligible to join the euro area at present. The report will guide future policy measures and the EU’s next steps in the euro‑adoption process.
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