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 EU policy leading to the creation of the European Central Bank and the single European currency, detailing historical context, mechanisms, key events, and impacts.
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.
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