No, that process used to work relatively OK when then number of countries was limited. Italy, Greece and Spain benefited from transfers which allowed them to cl

No, that process used to work relatively OK when then number of countries was limited. Italy, Greece and Spain benefited from transfers which allowed them to close the gap with core countries. But those were basically the days of EEC. Then came EU with its dogmatic liberalisation and the inclusion of all Eastern Europe countries. The combination of these factors broke the balance between the European countries, creating competition between these countries that cannot compete fairly, for the level difference is too huge and the Eastern Countries only advantage is engaging a race to the bottom. Salaries can be more then 5 times lower in East than in West! and they even wanted at some point Ukraine to join without any preparation, Ukraine which has 10 to 12 times lower salaries!! They have removed all barriers and regulations that could soften transitions and imbalances. Meanwhile, countries are stuck with Euro and cannot opt for different economic models to adapt to this internal unfair competition. And transfers do not work any more, because it is not in the interest of Eastern countries to reach the level of Western ones, because they would lose their only advantage. This even annihilates the past benefits of EEC time transfers, disrupting the Southern countries.