Economics A Level (DONEEEEEEE): Are all Members part of the EMU?

Question

Are all Members part of the EMU?

eric_galvao · Accepted Answer

-The UK was a Member of the EU, but not the Member of the Single Currency Area - the Eurozone
-Members joining the EMU had to meet Convergence Criteria. This involves keeping the Budget deficit, Exchange Rate, and Interest Rates close to Specific Levels.

Economics A Level (DONEEEEEEE)

Are all Members part of the EMU?

-The UK was a Member of the EU, but not the Member of the Single Currency Area - the Eurozone -Members joining the EMU had to meet Convergence Criteria. This involves keeping the Budget deficit, Exchange Rate, and Interest Rates close to Specific Levels.

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