Abstract:

Countries wishing to join the EU have two levels of criteria to need: first to become a member country of the EU and the second set to join the economic and monetary union. To join the EU, a candidate Member State must meet three criteria political, economic and the ability to take on the obligations of membership; these are called as Copenhagen economic criteria. Also, after becoming a member, a counry has to fulfill four criteria that are called the Maastricht Criteria or convergence criteria. Some of Copenhagen criteria and Maastricht Criteria are economic criteria. The main indicators in analyzing Copenhagen economic criteria are the existence of a functioning market economy and the capacity to cope with competitive pressure and market forces within the Union, while the Maastrich criteria are composed of major macroeconomic indicators, such as inflation rate, interest rates, exchange rates mechanisms (ERM-II), and government financial positions (budget deficit and government debt). This paper examines and analyses these economic criteria

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