The Maastricht criteria, also known as the convergence criteria
. The ERM II participation ensures that the country's exchange rate is stable and within a narrow fluctuation band. The candidate country should have a budget deficit no greater than 3% of its GDP.
The Maastricht criteria, also known as the convergence criteria
The country's long-term interest rates should not exceed the average of the three best-performing EU member states by more than 2% The inflation rate should not exceed the average of the three best-performing EU member states by more than 1.5%.
has high operating leverage. For example, a software business has greater fixed costs in developers’ salaries and lower variable costs in software sales. As such, the business
