Convergence Criteria are a set of economic conditions established by the Maastricht Treaty that EU member states must meet to adopt the euro. These criteria ensure economic stability and uniformity among member states.
The European Monetary System (EMS) was established in 1979 with the aim of coordinating monetary policy and exchange rates across Europe, primarily through the Exchange Rate Mechanism and laying the groundwork for the European Monetary Union.
A comprehensive examination of the European Monetary Union (EMU), including its history, structure, key events, importance, and impacts on Europe and beyond.
The Maastricht Treaty, concluded in 1993, transformed the European Community into the European Union and set the stage for the European Monetary Union and the European Central Bank.
