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.
The Stability and Growth Pact (SGP) is a framework designed to ensure fiscal discipline and responsibility among EU member states, reinforcing the Maastricht Criteria's principles.
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