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)
“There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.”
—H.L.A. (Herbert Lionel Adolphus)