How the european Single Currency evolved Figure 20-2: Inflation Convergence Within Six Original EMS Members 1978-2000 品E5写5238 1978198019821984198619881990199219941 19982000 Netherlands Ireland Shown are the differences between domestic inflation and German inflation for six of the ori EMS members, Belgium, Denmark, France, Ireland, Italy, and the Netherlands. As of 997 all na nflation rates were very close to the German levels. Source: CPl inflation rates from IMF Intenational Financial Statistics Copyright C 2003 Pearson Education, Inc Slide 20-10Copyright © 2003 Pearson Education, Inc. Slide 20-10 How the European Single Currency Evolved Figure 20-2: Inflation Convergence Within Six Original EMS Members, 1978-2000