Hungary lagging on Maastricht measure
Hungary is the last but one of the new EU member states to achieve the Maastricht convergence criteria.
Hungary is the last but one of the new EU member states to achieve the Maastricht convergence criteria. The convergence index ranging 0-10 developed by ICEG research institute and daily paper Világgazdaság awards 6.1 points to Hungary, preceeding only Estonia. The lag is attributed to the high inflation rate, the budget deficit, and the relatively slow growth rate. The convergence index unifies and evaluates 10 macro-economic criteria that show the current stage of a country's economy. The list is lead by the Czech Republic and Slovakia. (Vg 4) E.C.
