The Masstricht treaty set the budget ratio to GDP to be ________ in order for countries to qualify to join the Euro area.

Question

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The Masstricht treaty, signed in 1992, set the budget ratio to GDP to be below 3% as one of the convergence criteria for countries to qualify to join the Euro area. This criterion is known as the "Stability and Growth Pact" and aims to ensure that countries have sustainable finances before adopting the Euro.

The Masstricht Treaty Set the Budget Ratio to GDP to Be