摘要:To examine the state of economic convergence
in the nine Member States under review, the
ECB makes use of a common framework for
analysis which is applied to each country in
turn. The common framework is based, first, on
the Treaty provisions and their application by
the ECB with regard to developments in prices,
fiscal balances and debt ratios, exchange rates
and long-term interest rates, together with other
relevant factors. Second, it is based on a range
of additional backward and forward-looking
economic indicators which are considered to be
useful for examining the sustainability of
convergence in greater detail. Boxes 1 to 4
below briefly recall the provisions of the Treaty
and provide methodological details which
outline the application of these provisions by
the ECB.