Search results
Results from the WOW.Com Content Network
The euro convergence criteria (also known as the Maastricht criteria) are the criteria European Union member states are required to meet to enter the third stage of the Economic and Monetary Union (EMU) and adopt the euro as their currency.
Criterion potentially fulfilled: If the budget deficit exceeds the 3% limit, but is "close" to this value (the European Commission has deemed 3.5% to be close by in the past), [11] then the criteria can still potentially be fulfilled if either the deficits in the previous two years are significantly declining towards the 3% limit, or if the ...
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
ERM - minimum number of years as a member of the European Exchange Rate Mechanism II; EXCR - maximum average change in the exchange rate against the euro. INT - maximum long-term interest rate; YC - year that the convergence evaluation is valid. used for ERM calculation. MC - month that the convergence evaluation is valid. used for ERM calculation.
The euro convergence criteria are the set of requirements that needs to be fulfilled in order for a country to be approved to participate in the third stage. An important element of this is participation for a minimum of two years in the European Exchange Rate Mechanism ("ERM II"), in which candidate currencies demonstrate economic convergence ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Help; Learn to edit; Community portal; Recent changes; Upload file
Y - This is the year that the convergence evaluation was performed, and is used for disambiguation of the historic version of {{Euro convergence criteria}} (ie {{Euro convergence criteria (2012)}}). It must equal the year of the tables (ie the part of the file name in brackets) or 2012 in this example.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Help; Learn to edit; Community portal; Recent changes; Upload file