For an EU member state to be able to introduce the euro, it must
fulfil certain requirements: the convergence (or Maastricht) criteria
defined in Article 121(1) of the Treaty establishing the European
Community and in the Protocol on Convergence Criteria cited in Article
121 of the Treaty. The convergence criteria are related to the
- a low inflation rate,
- sound public finances,
- low interest rates,
- stable exchange rates.
Convergence criteria are divided into economic and legal criteria.
For individual member states, the convergence criteria and their
fulfilment are assessed on a monthly basis. The table below shows the
updated convergence criteria with calculations for the euro area
(Austria, Belgium, Finland, France, Greece, Ireland, Italy,
Luxembourg, Germany, the Netherlands, Portugal, Spain) and for
|The euro area||2.2||3.40**||-2.7||70.8|
* Last 12 months refers to the average of the data up to and including January 2006.
** Data refers to previous month.
Latest figures for Slovenia
Slovenia fulfils also the criteria of stable exchange rate: for
more than 20 months in ERM II , the exchange rate stabilised around
the central parity rate, the biggest day variation was 0,17 % /allowed
With adoption of the recent changes in the Law on Bank of Slovenia,
Slovenia fulfils also the legal criteria.