Template:Euro convergence criteria top
| Country | HICP inflation rate[1][nb 1] | Excessive deficit procedure[2] | Exchange rate | Long-term interest rate[3][nb 2] | Compatibility of legislation | ||
|---|---|---|---|---|---|---|---|
| Budget deficit to GDP[4] | Debt-to-GDP ratio[5] | ERM II member[6] | Change in rate[7][8][nb 3] | ||||
References
- ^ "HICP (2005=100): Monthly data (12-month average rate of annual change)". Eurostat. 16 August 2012. Retrieved 14 March 2024.
- ^ "The corrective arm/ Excessive Deficit Procedure". European Commission. Retrieved 14 March 2024.
- ^ "Long-term interest rate statistics for EU Member States (monthly data for the average of the past year)". Eurostat. Retrieved 18 December 2012.
- ^ "Government deficit/surplus, debt and associated data". Eurostat. 22 April 2013. Retrieved 22 April 2013.
- ^ "General government debt". Eurostat. Retrieved 2018-06-02.
- ^ "ERM II – the EU's Exchange Rate Mechanism". European Commission. Retrieved 14 March 2024.
- ^ "Euro/ECU exchange rates - annual data". Eurostat. Retrieved 14 March 2024.
- ^ "Former euro area national currencies vs. euro/ECU - annual data". Eurostat. Retrieved 14 March 2024.
- ^ The rate of increase of the 12-month average HICP over the prior 12-month average must be no more than 1.5% larger than the unweighted arithmetic average of the similar HICP inflation rates in the 3 EU member states with the lowest HICP inflation. If any of these 3 states have a HICP rate significantly below the similarly averaged HICP rate for the eurozone (which according to ECB practice means more than 2% below), and if this low HICP rate has been primarily caused by exceptional circumstances (i.e. severe wage cuts or a strong recession), then such a state is not included in the calculation of the reference value and is replaced by the EU state with the fourth lowest HICP rate.
- ^ The arithmetic average of the annual yield of 10-year government bonds as of the end of the past 12 months must be no more than 2.0% larger than the unweighted arithmetic average of the bond yields in the 3 EU member states with the lowest HICP inflation. If any of these states have bond yields which are significantly larger than the similarly averaged yield for the eurozone (which according to previous ECB reports means more than 2% above) and at the same time does not have complete funding access to financial markets (which is the case for as long as a government receives bailout funds), then such a state is not to be included in the calculation of the reference value.
- ^ The change in the annual average exchange rate against the euro.
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