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Convergence Reports examine whether Member States satisfy the conditions for adopting the single currency. They are issued by the European Commission and the European Central Bank every two years, or more often if a country intending to join the euro requests it. These reports form the basis for the decision on whether a Member State may join the euro area. This report, adopted on 7 May 2008, is a regular biennial report and examines progress towards convergence in ten Member States with a derogation - Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Poland, Romania, Slovakia and Sweden. It contains the Report from the Commission - COM(2008) 248 final - and the accompanying Staff working paper, which provides a more detailed analysis of how well the criteria have been met by all countries assessed. The report concludes that Slovakia now meets the conditions to join the euro area.