Countries seeking to adopt the euro as their currency must meet certain criteria, including the requirements to keep their government budget deficit equal to 3 percent or less of GDP, and to hold government debt levels below 60 percent of GDP. Discuss why there are fiscal policy criteria for joining a monetary union.

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The Answer of Countries seeking to adopt the euro as their currency must meet certain criteria, including the requirements to keep their government budget deficit equal to 3 percent or less of GDP, and to hold government debt levels below 60 percent of GDP. Discuss why there are fiscal policy criteria for joining a monetary union.

Countries Seeking to Adopt the Euro as Their Currency Must