Convergence criteria for joining

Convergence criteria for joining

In order to adopt the euro, EU countries have to meet specific economic conditions designed to ensure economic convergence with the countries of the euro area.

Convergence Reports

Convergence Reports

The Convergence Reports examine whether the Member States satisfy the necessary conditions to adopt the single currency. The EC Treaty requires the Commission and the European Central Bank to issue these reports at least once every two years or at the request of an EU Member State which would like to join the euro area.