Slovakia Meets Criteria for Euro Adoption

Last update: 04.06.2008 06:00

As required from any other EU Member State outside the Eurozone, Slovakia had to meet four convergence criteria, the so-called Maastricht criteria, prior to its entry to the Eurozone. The first criterion concerns public finance, the second is the inflation criterion, the third concerns the stability of long-term interest rates, and the last is exchange rate stability.
The criteria for the adoption of the euro by Slovakia were fulfilled in March 2008.