 Trends in the European Monetary Union. An OverviewPapageorgiou Christos, Athanasios Anastasiou and Panagiotis Liargovas Global Business Review, 2024, vol. 25, issue 5, 1244-1268 Abstract: Four indicators corresponding to the four targets of the European Monetary Union were calculated. The study showed that: (a) concerning the deviation of state’s general government deficit/surplus from 3% of gross domestic product (GDP), all member states had reached their target, with the exception of Cyprus, which was slightly under the target, (b) concerning the deviation of state’s general government debt from 60% of GDP, half of all European Union (EU) member states did not reach their targets, and there was a lot to be done, especially from the EU15 member states, (c) concerning the deviation of state’s inflation rate from the mean of the three states with best results of +1.5%, it was observed that the average value of EU28 member states had reached the final target, mainly due to the performances of the EU15 member states, (d) and concerning the deviation of state’s interest rate from the mean of the three states with the best results of +2%, it was observed that the average value of EU28 member states had reached the final target. Keywords: European Monetary Union; deficit/surplus; debt; inflation; interest rate (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:25:y:2024:i:5:p:1244-1268 DOI: 10.1177/09721509211016192 Access Statistics for this article More articles in Global Business Review from International Management Institute |
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