4 ms·
The bit that probably make GP puzzled - out of the EURO countries, only Estonia, Finland, Latvia, Lithuania, Luxembourg, Slovakia matches those requirements. O
by gutnor 11y ago
The bit that probably make GP puzzled - out of the EURO countries, only Estonia, Finland, Latvia, Lithuania, Luxembourg, Slovakia matches those requirements.
Or less than 20 millions out the 330 million people living in the EURO zone.[0]
The Debt-To-GDP ratio is a mess. You can see the combined effect of austerity and crisis on some economies. And countries like France have only been twice within the target and not recently. [1]
At the end of the day, as many things with the EU, the real rule is around the interpretation of what means "satisfactory pace" and "exceptional cases" - which is regular political hidden under a layer of pseudo-righteous mathematics. (which is not unusual at all for an international treaty)
[0] http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=teina225&plugin=1 http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&l...
[1] http://ec.europa.eu/eurostat/tgm/table.do?tab=table&plugin=1&language=en&pcode=teina200 http://ec.europa.eu/eurostat/tgm/table.do?tab=table&plugin=1...
- nickik 11y agoThe problem is that eurocrats think pushing their project is more important then the rules to make it a workable projects. The rules are more or less lies that they allowed to be written to convince people that the EU is a good thing, but then they ignored the rules. The EU is a horrible project and a complet failure in every way.