A SUPPLEMENT TO EUROMONEY – MARCH 1997Chasing convergencePortuguese leaders have taken monetary union to heart. Big efforts have been made to fall within Maastricht convergence parameters. But even if the country enters the first round of the single European currency can it sustain the necessary criteria long-term? Jules Stewart examines the dilemmaPlucky little Portugal is today the Club Med country with the best chances of meeting all the Maastricht convergence criteria and hence of joining European Economic and Monetary Union (Emu) in the first round in 1999. |
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