| 单词 | convergence criteria |
| 释义 | convergence criteria convergence criteria(Maastricht criteria) The economic tests used to determine whether member states of the European Union are ready to adopt the euro, as set out in the 1991Maastricht Treaty. The four principal criteria concern (i) the inflation rate; (ii) ratios of government deficit and government debt to GDP; (iii) long-term interest rates; and (iv) membership of the Exchange Rate Mechanism (ERM). SeeEuropean Economic and Monetary Union. |
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