Talk:Euro convergence criteria

Montenegro/Kosovo and Romania

Why are there Montenegro and Kosovo in the list? They both already adopted the Euro? (BTW: What happens when/before they enter the EU? Are they being forced to change their currencies? Otherwise every country who likes to join the EU could before change it to the Euro unilateral to avoid needing to fulfil the convergence criteria.)

Romania hasn't become member of the ERM II till now. That means it cannot be since two years in it on the January 1st 2015. Therefore it can't become member of the eurozone on 1.1.2015, right? --134.176.204.162 (talk) 17:42, 25 March 2013 (UTC)

For now, only using an own currency is on the table. To keep using the euro would probably mean using the "alternate process", in which a state joins the eurozone but has no influence on the ECB (like microstates such as San Marino - however those microstates aren't officially part of the EU). To use the "alternate process" would almost certainly need an agreement in Parliament and Council beforehand. Long story short - it may happen, but nothing has been decided.

I think Romania's status is simply a case of making a declaration about the target date and then giving it up without officially revoking or superceding the declaration. Similarly Lithuania actually plans to introduce the euro on 1.1.2015 and could well fulfill the criteria - but they haven't officially declared it as the target date. Ambi Valent (talk) 22:53, 31 March 2013 (UTC)

Dr. Gabrisch's comment on this article

Dr. Gabrisch has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

The descriptive part of the conference criteria, following the Maastricht criteria, is fine. However, the introduction might be a bit misleading in the ligher of latest developments. First, convergence criteria are understood to be a bit wider: institutional convergence matters also. Sweden, for example, meets the stability criteria, the inflation, and the interest rate criteria. However, the convergence reports of the EU commission note that central bank independence is not yet in line with the Maastricht criteria. Therefore, Sweden finds an argument to stay outside of the exchange rate mechanism. This should be noted in the article.

The author of this entry should consider the following passage in the 2012 convergence report, p. 42: "The Treaty in Article 140 also calls for an examination of other factors relevant to economic integration and convergence. These additional factors include financial and product market integration and the development of the balance of payments. The examination of the development of unit labour costs and other price indices, which is also prescribed by Article 140 of the Treaty, is covered in the chapter on price stability." (http://ec.europa.eu/economy_finance/publications/european_economy/2012/pdf/ee-2012-3_en.pdf) Further, the Stability and Growth Pact (SGP) in its latest version as well as the Fiscal Compact are not substantial elements of the convergence criteria. The Fiscal Compact obliges all countries that have ratified it - Euro as well as non-euro member countries. The SGP - above all the sanctions - maybe applied only to euro area members.

And finally, the latest convergence reports of the EU commission made an attempt to include also real economy developments. The entry should be revised in the proposed way.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Gabrisch has expertise on the topic of this article, since he has published relevant scholarly research:

• Reference : Hubert Gabrisch & Lucjan T. Orlowski, 2009. "A Dynamic Approach to Interest Rate Convergence in Selected Euro-candidate Countries," IWH Discussion Papers 10, Halle Institute for Economic Research.

ExpertIdeasBot (talk) 16:10, 11 July 2016 (UTC)

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Outdated sources, editing

Can someone please update the template at the bottom? There are up to date sources that can be used, i have them, yet when i click 'edit' on the edit template, there's nothing i can edit and i am baffled. Is there a way someone that knows how to do it could do it? It is still crazy to me how outdated data for April 2022 is used, yet there is data from February and March this year. PLMandarynka (talk) 16:41, 29 April 2024 (UTC)