Admittance Criteria
The Maastricht Treaty originally required that all members of the European Union join the euro once certain economic criteria are met. By the end of 2009, Poland only met 2 out of the 5 criteria.
| Convergence criteria | ||||||
|---|---|---|---|---|---|---|
| Assessment month | Country | HICP inflation rate |
Budget deficit to GDP | Debt-to-GDP ratio | ERM II member | Long-term interest rate |
| 2012 ECB Report | Reference values | max. 3.1% |
max. 3.0% |
max. 60% |
min. 2 years |
max. 5.80% |
| Poland | 4.0% | 5.1% | 56.3% | No | 5.77% | |
| April 2013 | Reference values | max. 2.5% |
max. 3.0% |
max. 60% |
min. 2 years |
max. 4.81% |
| Poland | 3.0% | 3.9% | 55.6% | No | 4.61% | |
- Notes
Read more about this topic: Poland And The Euro
Famous quotes containing the words admittance and/or criteria:
“As it is with the love of the body, so with the friendship of the mind, the full is only reached by admittance to the most retired places.”
—Samuel Beckett (1906–1989)
“We should have learnt by now that laws and court decisions can only point the way. They can establish criteria of right and wrong. And they can provide a basis for rooting out the evils of bigotry and racism. But they cannot wipe away centuries of oppression and injustice—however much we might desire it.”
—Hubert H. Humphrey (1911–1978)