Maastricht criteria
E625503
The Maastricht criteria are the economic and fiscal conditions EU member states must meet to qualify for adopting the euro, including limits on inflation, government deficit, debt, exchange rate stability, and interest rates.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
European Union economic policy instrument
ⓘ
economic convergence criteria ⓘ fiscal convergence criteria ⓘ |
| adoptedInYear | 1992 ⓘ |
| alsoKnownAs |
convergence criteria
ⓘ
euro convergence criteria ⓘ |
| appliesDuring | pre-euro adoption phase ⓘ |
| appliesTo |
European Union member states
NERFINISHED
ⓘ
non-euro area EU member states seeking to adopt the euro ⓘ |
| assessedBy |
European Central Bank
NERFINISHED
ⓘ
European Commission NERFINISHED ⓘ |
| assessmentDocument | Convergence Report NERFINISHED ⓘ |
| currencyContext | euro NERFINISHED ⓘ |
| hasComponent |
exchange rate stability criterion
ⓘ
government budgetary position criterion ⓘ government debt criterion ⓘ long-term interest rate criterion ⓘ price stability criterion ⓘ |
| hasReferencePeriod |
several years for inflation and interest rate data
ⓘ
usually the previous year for fiscal data ⓘ |
| influences |
fiscal policy of EU member states
ⓘ
monetary integration in the European Union ⓘ |
| legalBasis | Article 140 of the Treaty on the Functioning of the European Union NERFINISHED ⓘ |
| namedAfter | Maastricht NERFINISHED ⓘ |
| notRequiredFor | countries already in the euro area for continued membership ⓘ |
| originatesFrom | Treaty of Maastricht NERFINISHED ⓘ |
| partOf | Treaty on European Union NERFINISHED ⓘ |
| policyGoal |
price stability in the euro area
ⓘ
sound public finances in the euro area ⓘ stable exchange rates before euro adoption ⓘ |
| purpose |
to determine eligibility to adopt the euro
ⓘ
to ensure economic convergence before joining the euro area ⓘ |
| region | European Union NERFINISHED ⓘ |
| relatedTo |
Economic and Monetary Union
NERFINISHED
ⓘ
Stability and Growth Pact NERFINISHED ⓘ |
| requires |
exchange rate stability without severe tensions
ⓘ
government debt below 60% of GDP or approaching that level sufficiently ⓘ government deficit below 3% of GDP ⓘ long-term interest rates close to those of low-inflation member states ⓘ low inflation rate relative to best-performing EU member states ⓘ no devaluation of the currency against the euro within the reference period ⓘ participation in the Exchange Rate Mechanism II ⓘ |
| setsLimitType |
comparative benchmarks for inflation and interest rates
ⓘ
numerical thresholds for fiscal indicators ⓘ |
| usedFor | deciding on entry into the euro area ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Economic and Monetary Union of the European Union