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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 ...
According to the Maastricht Treaty, each current member state and the European Parliament must agree to any enlargement. The process of enlargement is sometimes referred to as European integration. This term is also used to refer to the intensification of co-operation between EU member states as national governments allow for the gradual ...
Eurozone since 2015. Schengen Area ... Internal enlargement is the process of new member states arising from the break-up of an existing member state. [228] ...
The first enlargement of the eurozone, to Greece, took place on 1 January 2001, one year before the euro physically entered into circulation. The next enlargements were to states which joined the EU in 2004 , and then joined the eurozone on 1 January of the year noted: Slovenia in 2007, Cyprus in 2008, Malta in 2008, Slovakia in 2009, Estonia ...
Enlargement of the European Economic Area is a separate process. Since April 2014, Croatia's EEA agreement is being provisionally applied pending ratification by Croatia, all EEA states, and the European Union. Croatia has adopted the euro as its national currency in 2023.
However, EU member states with a HICP rate significantly below the eurozone average (and pre 1999 below "comparable rates in other Member States"), do not qualify as a benchmark country for the reference value and will be ignored, if it can be established its price developments have been strongly affected by exceptional factors (i.e. severe ...
The Commissioner for Neighbourhood and Enlargement is the member of the European Commission in charge of overseeing the accession process of prospective new member states and relations with those bordering the European Union (EU). The present commissioner, since December 2024, is Marta Kos.
The Treaty of Accession 2003 was the agreement between the member states of the European Union and ten countries (Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia, Slovakia), concerning these countries' accession into the EU (see 2004 enlargement of the European Union).