Convergence and stability in applicant countries

This procedure examines the economic and monetary requirements that countries must meet to join the European Union. It focuses on ensuring that applicant nations achieve financial stability and economic convergence to prevent shocks to the EU's internal market and the Eurozone upon accession.

This affects governments and financial institutions in candidate countries, as well as EU member states. It outlines the necessary fiscal reforms and monetary policies required for a successful transition into the Union.