Status
The Maastricht Treaty originally required that all members of the European Union join the euro once certain economic criteria are met. Czech Republic meets 3 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 3 | max 1.0% | max 3% | max 60% | min 2 years | max 6.0% |
| Czech Republic | 0.3% | 5.2% | 35.4% | Not yet a member | 4.7% |
| criteria fulfilled criterion not fulfilled | |||||
Read more about this topic: Czech Republic And The Euro
Famous quotes containing the word status:
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Policemen so cherish their status as keepers of the peace and protectors of the public that they have occasionally been known to beat to death those citizens or groups who question that status.”
—David Mamet (b. 1947)
“Anthropologists have found that around the world whatever is considered “men’s work” is almost universally given higher status than “women’s work.” If in one culture it is men who build houses and women who make baskets, then that culture will see house-building as more important. In another culture, perhaps right next door, the reverse may be true, and basket- weaving will have higher social status than house-building.”
—Mary Stewart Van Leeuwen. Excerpted from, Gender Grace: Love, Work, and Parenting in a Changing World (1990)
“At all events, as she, Ulster, cannot have the status quo, nothing remains for her but complete union or the most extreme form of Home Rule; that is, separation from both England and Ireland.”
—George Bernard Shaw (1856–1950)