CELEX: 11992M/PRO/CC/04
Language: en
Date: 1992-02-07 00:00:00
Title: Treaty on European Union - Protocol on the convergence criteria referred to in Article 109 J.of the Treaty establishing the European Community - Article 4

Avis juridique important

|

11992M/PRO/CC/04

Treaty on European Union - Protocol on the convergence criteria referred to in Article 109 J.of the Treaty establishing the European Community - Article 4  

Official Journal C 191 , 29/07/1992 P. 0085

 Article 4  The criterion on the convergence of interest rates referred to in the fourth indent of Article 109j(1) of this Treaty shall mean that, observed over a period of one year before the examination, a Member State has had an average nominal long-term interest rate that does not exceed by more than 2 percentage points that of, at most, the three best performing Member States in terms of price stability. Interest rates shall be measured on the basis of long term government bonds or comparable securities, taking into account differences in national definitions.