Today, the European Commission published the 2026 Convergence Report, assessing the progress that non-euro area Member States have made towards adopting the euro. More than 27 years after its introduction, the euro “has become a powerful symbol to the world of Europe’s identity”. It is now the currency of 21 Member States, and more than 350 million people use it every day, “making it the second most-used currency worldwide”. “Over the years, the euro – according to the EU Commission – has delivered tangible benefits to citizens and businesses by strengthening the Single Market, facilitating trade and investment, and promoting price stability”. Joining the euro area is governed by a set of rules and criteria. Today’s Report covers the five non-euro area Member States that are legally committed to adopting the euro: Czechia, Hungary, Poland, Romania and Sweden. The Report concludes that “none of these Member States currently meets all of the criteria for joining the euro area”.