The concept of economic convergence describes the tendency of different economies to become increasingly similar in various aspects such as per capita incomes, growth rates, and social policies.
In-depth look at the Maastricht Criteria, essential for Eurozone membership, encompassing the economic conditions a country must meet to adopt the euro.
The Maastricht Criteria, established by the European Union, set economic guidelines for countries aspiring to join the Eurozone, stipulating that national debt should not exceed 60% of GDP.
