Comment: Flawed convergence criteria?

Willem Buiter and Anne Sibert, two London-based academics, have slammed the Maastricht criteria for entry into the eurozone. They point to a number of inconsistencies in way the conditions are applied and suggest that the current formulation "makes no economic sense".

COMMENT BY CENTRALBANKNEWS

In a letter to the Financial Times, Buiter and Sibert argue that the Maastricht criteria are flawed both in both design and in application. Estonia, Lithuania, Slovenia, Latvia and Slovakia are all on track

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