Status
The Maastricht Treaty originally required that all members of the European Union join the euro once certain economic criteria are met. Bulgaria meets 4 out of the 5 criteria.
| Convergence criteria | |||||
|---|---|---|---|---|---|
| Inflation rate 1 | Government finances | ERM II membership | Long-term interest rate 2 | ||
| annual government deficit to GDP | gross government debt to GDP | ||||
| Reference value | max 3.1% | max 3% | max 60% | min 2 years | max 5.8% |
| Bulgaria (May 2012) | 2.1% | 2.8% | 16.3% | not yet a member | 5.3% |
| criteria fulfilled criteria not fulfilled | |||||
Read more about this topic: Bulgaria And The Euro
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