Common Contracts
1 similar Trade Agreements contracts
The EU, the Euro zone, and trade agreementsTrade Agreements • May 16th, 2015
Target Requirement Inflation Rate No more than 1.5 percentage points higher than the 3 best-performing Member States of the EU. Public finances The ratio of the annual government deficit to gross domestic productmust not exceed 3% at the end of the preceding fiscal year. Interest rates The nominal long-term interest rate must not be more than 2 percentage points higher than the 3 best-performing Member States. Exchange ratestability Applicant countries should have joined the exchange rate mechanism under the European Monetary System for 2 consecutive years and should not have devaluated its currency during the period.
