<p>For an EU member state to joins and stays in the <a href="https://en.wikipedia.org/wiki/Eurozone" rel="nofollow noreferrer">Eurozone</a> (the official name of what you called the Euro Club), it is necessary to comply with the <a href="https://en.wikipedia.org/wiki/Stability_and_Growth_Pact" rel="nofollow noreferrer" title="Stability and Growth Pact">Stability and Growth Pact</a> (which Bulgaria already does) and fulfill the <a href="https://en.wikipedia.org/wiki/Euro_convergence_criteria" rel="nofollow noreferrer">Euro Convergence Criteria</a> defined in the Maastricht treaty <a href="https://en.wikisource.org/wiki/Consolidated_version_of_the_Treaty_on_the_Functioning_of_the_European_Union/Title_VIII:_Economic_and_Monetary_Policy#Article_140" rel="nofollow noreferrer">article 140</a>. </p>

<p>In a nutshell, the convergence criteria define targets for the country on inflation, public debt deficit, interest rates and exchange rate against the Euro. These targets should be followed for a certain duration of time.</p>

<p>All of these targets were put in place to monitor and prevent economic instability - and after the debt crisis in several member states (such as Greece) these indicators keep on being used as good indicators to <strong>monitor</strong> the stability of a country's economy. However, <strong>preventing</strong> a economic crisis would require a higher integration of the member states, such as a Euro-zone public budget.</p>

CC BY-SA 3.0
2017-08-06T07:39:41.933Z
2017-08-06T12:52:31.383Z
2017-08-06T12:52:31.383Z
JoaoBotelho
<p>What should the Euro regulators look for and monitor to prevent a Euro crisis? </p>

CC BY-SA 3.0
2017-08-05T20:41:45.573Z
What is a "Euro regulator" and what is a "Euro crisis"?
Giskard
<macroeconomics><financial-crises>
What should the Euro regulators look for and monitor to prevent a Euro crisis?
Joe
# What should the Euro regulators look for and monitor to prevent a Euro crisis?

(Asked by: username_0 on 2017-08-05)

What should the Euro regulators look for and monitor to prevent a Euro crisis?

**Tags:** macroeconomics, financial-crises

> **Comments:**
> **username_1**: What is a "Euro regulator" and what is a "Euro crisis"?  

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## 1 answers

### Answer by username_2 on 2017-08-06. Score: 1

For an EU member state to joins and stays in the [Eurozone](https://en.wikipedia.org/wiki/Eurozone) (the official name of what you called the Euro Club), it is necessary to comply with the [Stability and Growth Pact](https://en.wikipedia.org/wiki/Stability_and_Growth_Pact "Stability and Growth Pact") (which Bulgaria already does) and fulfill the [Euro Convergence Criteria](https://en.wikipedia.org/wiki/Euro_convergence_criteria) defined in the Maastricht treaty [article 140](https://en.wikisource.org/wiki/Consolidated_version_of_the_Treaty_on_the_Functioning_of_the_European_Union/Title_VIII:_Economic_and_Monetary_Policy#Article_140).

In a nutshell, the convergence criteria define targets for the country on inflation, public debt deficit, interest rates and exchange rate against the Euro. These targets should be followed for a certain duration of time.

All of these targets were put in place to monitor and prevent economic instability - and after the debt crisis in several member states (such as Greece) these indicators keep on being used as good indicators to **monitor** the stability of a country's economy. However, **preventing** a economic crisis would require a higher integration of the member states, such as a Euro-zone public budget.


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