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
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—Samuel Beckett (1906–1989)
“The Hacker Ethic: Access to computers—and anything which might teach you something about the way the world works—should be unlimited and total.
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—Steven Levy, U.S. writer. Hackers, ch. 2, “The Hacker Ethic,” pp. 27-33, Anchor Press, Doubleday (1984)