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+#REDIRECT [[Template:Euro convergence criteria (2024)]]
-<noinclude><!--Please don't update these values unless you also update the reference values located at [[Template:Euro_convergence_criteria/REF]]-->
-<!-- THIS TEMPLATE IS ONLY ALLOWED TO FEATURE DATA FOR A CONVERGENCE CHECK IN 2014. WHEN A NEW CALENDAR YEAR STARTS, THEN A NEW DEDICATED TEMPLATE FOR THIS PARTICULAR YEAR SHALL BE CREATED. IF YOU WANT TO CHECK SOME OF THE PREVIOUS TEMPLATES, THEY ARE ALL LISTED AT THE [[Euro convergence criteria]] ARTICLE.-->
-<!-- -->
-<!--WHEN UPDATING THIS TEMPLATE WITH VALUES FOR ANY NEW MONTH IN THE YEAR, MAKE CERTAIN ALSO TO CALCULATE THE NEW CORRESPONDING REFERENCE LIMITS ACCORDING TO THE DESCRIBED CRITERIA DISPLAYED BY THE VISIBLE NOTES IN THE TEMPLATE. AFTER READING AND UNDERSTANDING THE VISIBLE NOTES, IT MIGHT ALSO BE HELPFULL TO READ THROUGH THE HIDDEN NOTE EXAMPLES FOR THIS CALCULATION, WHICH ARE LISTED BELOW OF THIS CAPITAL DISCLAIMER.-->
-<!-- -->
-<!--REFERENCE VALUES FOR HICP INFLATION AND LONG TERM INTEREST RATES ARE A SUBJECT FOR RECALCULATION BY THE END OF EACH MONTH. YOU CAN FIND OLD PREVIOUSLY CALCULATED REFERENCE VALUES LISTED BY THE ECB CONVERGENCE REPORTS, PUBLISHED AT LEAST ONCE EVERY SECOND YEAR. FOR REFERENCE VALUES TO BE RECALCULATED INBETWEEN OF THE OFFICIAL ECB CONVERGENCE REPORTS, THIS CAN ONLY BE DONE BASED UPON OFFICIAL DATA FROM EUROSTAT AND ECB (AFTER CAREFULLY READING THROUGH THE HIDDEN GUIDE INSTRUCTIONS LISTED IN THE NOTES BELOW).-->
-<!-- -->
-<!-- The final reference values to be applied upon the next time of an official Convergence Criteria assessment (expected next time to be conducted by ECB in April 2013 and published in May 2013), will not be equal to those you find in the old ECB Convergence Report 2012 for HICP inflation and Long Term Interest Rate, but will be some new recalculated values based upon the latest data. The reference limits for these two criteria will according to ECB rules change on a monthly basis. It is important that your calculation of new reference values by the end of each month, is only calculated strictly according to the official procedure (applied in previous ECB Convergence reports), remembering to deduct eventual country "outliers" from the benchmark calculation, before you determine the new final reference value for the particular month in concern.-->
-<!-- -->
-<!-- Examples for calculation of the reference limit for the HICP Inflation Rate:
-* Example 1 (Apr 2011-Mar 2012): The 3 EU countries with the lowest 12-months average for yearly HICP inflation rates were: Sweden=1.3%, Ireland=1.4%, Slovenia=2.1% => Average=1.6% => Reference limit (31 Mar 2012): 1.5%+1.6%=3.1%
-* Example 2 (Feb 2012-Jan 2013): The 3 EU countries with the lowest 12-months average for yearly HICP inflation rates were: Greece (0.875%)<ref>http://www.statistics.gr/portal/page/portal/ESYE/BUCKET/A0515/PressReleases/A0515_DKT90_DT_MM_01_2013_01_F_GR.pdf</ref>,
-Sweden (0.931%)<ref>http://www.scb.se/Pages/TableAndChart____33932.aspx</ref>,
-Ireland (1.936%)<ref>http://www.cso.ie/en/media/csoie/releasespublications/documents/latestheadlinefigures/cpi_jan2013.pdf</ref>
-=> Average=1.247% => Reference limit (31 Jan 2013): 1.5%+1.247%=2.7% (rounded-off to 1 digit)
-NB: Please note the rounding-off for HICP reference limits, has been explicit commanded by the official "ECB method rule", which outlines that both the HICP reference value limit and country specific HICPs shall always be compared with only 1 digit after punctuation, due to statistical uncertainties for the measurement of HICPs. -->
-<!-- -->
-<!-- Examples for calculation of the reference limit for the Long Term Interest Rate:
-* Example 1 (Apr 2011-Mar 2012): The 3 EU countries with the lowest HICP inflation had the following average interest rates: Sweden=2.23%, Slovenia=5.36%, Ireland=9.11% (Ireland is ignored as an "Interest rate outlier", due to being significantly above the eurozone average while receiving bailout funds from EFSF) => Average=3.80% => Reference (31 March 2012): 2%+3.80%=5.80%.
-* Example 2 (Jan 2012-Dec 2012): The 3 EU countries with the lowest HICP inflation had the following average interest rates: Sweden=1.59%, Greece=22.50%, Ireland=6.17% (Greece+Ireland are both ignored as "Interest rate outliers", due to being significantly above the eurozone average while receiving bailout funds from EFSF) => Average=1.59% => Reference (31 December 2012): 2%+1.59%=3.59%.
-* Example 3 (Feb 2012-Jan 2013): The 3 EU countries with the lowest HICP inflation had the following average interest rates: Sweden=1.60%, Greece=21.26%, Ireland=5.88% (Only Greece is however now ignored as an "Interest rate outlier", due to being significantly above the eurozone average while receiving bailout funds from EFSF; because Ireland's interest rate is now just 1.99% above the eurozone average at 3.89% and thus for the first time in a long while now suddenly falls within the magic 2.00%excess-limit - where you are no longer treated as an "outlier") => Average=3.74% => Reference (31 January 2013): 2%+3.74%=5.74%.-->
-<!-- -->
-<!-- It shall be noted that ECB never quantified the term "significantly above" for the work to identify "interest rate outliers" (being disregarded for calculation of the interest rate reference value limit). Based on ECB's selection of interest rate outliers in their previous reports published in 1996-2012, it however appear they operate with an unwritten limit being maximum 2.0% above the GDP-weighted average for the eurozone, which was recorded to be 3.89% for 1 Feb 2012 - 31 Jan 2013. This mean that Ireland with a yearly interest rate average at 5.88% as of 31 January 2013, is now still 2.0% above the average value (when rounded up from 1.99%) which presumably still will be considered enough for being evaluated to be an "interest rate outlier" for this specific month. -->
-<!-- -->
-</noinclude>{{#switch: {{{1|FULL}}}
-| FULL
-| TOP=
-{{Euro convergence criteria top|{{{1|FULL}}}|April 2014}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| REF =
-{{Euro convergence criteria ref|{{{1|FULL}}}|April 2014
-|HICP={{ECC/REF|HICP}}|HICPN={{refn|Average annual percentage change. Data for 2014 refer to the period May 2013-April 2014.<ref>{{citeweb|url=https://www.ecb.europa.eu/pub/pdf/conrep/cr201406en.pdf|title=Convergence report 2014|date=June 2014|accessdate=2014-06-06|publisher=[[European Central Bank]]}}</ref>|name="principals:Apr2014"|group=nb}}{{refn|The 3 best performing countries in regards to HICP inflation were Latvia (0.1%), Portugal (0.3%) and Ireland (0.3%).The inflation rates of Greece, Bulgaria and Cyprus (-1.2%, -0.8% and -0.4%, respectively) have been excluded from the calculation of the reference value. |name="HICPOUT"|group=nb}}<br><small>(May 2013-April 2014)</small>
-|EDPN=<br><small>(as of 30 April 2014)</small>
-|DEF={{ECC/REF|DEF}}|DEFN=<br><small>(Fiscal year 2013)</small><ref name="Eurostat deficit figures for 2013">{{cite web|url=http://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-053864_QID_6CF4CFAE_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;UNIT,L,Z,0;SECTOR,L,Z,1;INDIC_NA,L,Z,2;INDICATORS,C,Z,3;&zSelection=DS-053864INDICATORS,OBS_FLAG;DS-053864SECTOR,S13;DS-053864INDIC_NA,EDP_B9;DS-053864UNIT,PC_GDP;&rankName1=SECTOR_1_2_-1_2&rankName2=INDIC-NA_1_2_-1_2&rankName3=INDICATORS_1_2_-1_2&rankName4=UNIT_1_2_-1_2&rankName5=TIME_1_0_0_0&rankName6=GEO_1_2_0_1&pprRK=FIRST&pprSO=PROTOCOL&ppcRK=FIRST&ppcSO=ASC&sortC=ASC_-1_FIRST&rStp=&cStp=&rDCh=&cDCh=&rDM=true&cDM=true&footnes=false&empty=false&wai=false&time_mode=ROLLING&lang=EN&cfo=%23%23%23%2C%23%23%23.%23%23%23|title=Government deficit/surplus data |publisher=Eurostat|date=6 June 2014|accessdate=6 June 2014}}</ref>
-|DEB={{ECC/REF|DEB}}|DEBN=<br><small>(Fiscal year 2013)</small><ref name="Eurostat debt-to-GDP figures for 2013">{{cite web|url=http://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-053864_QID_-8BB3539_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;UNIT,L,Z,0;SECTOR,L,Z,1;INDIC_NA,L,Z,2;INDICATORS,C,Z,3;&zSelection=DS-053864INDICATORS,OBS_FLAG;DS-053864SECTOR,S13;DS-053864INDIC_NA,GD;DS-053864UNIT,PC_GDP;&rankName1=SECTOR_1_2_-1_2&rankName2=INDIC-NA_1_2_-1_2&rankName3=INDICATORS_1_2_-1_2&rankName4=UNIT_1_2_-1_2&rankName5=TIME_1_0_0_0&rankName6=GEO_1_2_0_1&pprRK=FIRST&pprSO=PROTOCOL&ppcRK=FIRST&ppcSO=ASC&sortC=ASC_-1_FIRST&rStp=&cStp=&rDCh=&cDCh=&rDM=true&cDM=true&footnes=false&empty=false&wai=false&time_mode=ROLLING&lang=EN&cfo=%23%23%23%2C%23%23%23.%23%23%23|title=Government debt data |publisher=Eurostat|date=6 June 2014|accessdate=6 June 2014}}</ref>
-|ERM={{ECC/REF|ERM}}
-|EXCR={{ECC (2012)/REF|EXCR}}|EXCRN=<br><small>(for 2013)</small>
-|INT={{ECC/REF|INT}}|INTN={{refn||name="principals:Apr2014"|group=nb}}{{refn|The three best performing countries in terms of price stability were subject to an interest rate of 3.3% (Latvia), 3.5% (Ireland) and 5.8% (Portugal).|name="INTOUT"|group=nb}}<br><small>(May 2013-April 2014)</small>}}
-}}
-{{#ifeq: {{{1|FULL}}} |FULL|
-{{!}}- bgcolor="#ececec"
-{{!}} colspan="8" {{!}} <center>[[Member state of the European Union|EU members]] <small>(outside the [[eurozone]])</small></center>
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| BUL=
-{{Euro convergence criteria row|BUL|HICP=-0.8|EDP=N|DEF=1.5|DEB=18.9|ERM=N|EXCR=0.0|INT=3.52}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| HRV=
-{{Euro convergence criteria row|HRV|HICP=1.1|EDP=Y|DEF=4.9|DEB=67.1|ERM=N|EXCR=-0.8|INT=4.8}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| CZE=
-{{Euro convergence criteria row|CZE|HICP=0.9|EDP=Y|EDPA=Y|EDPN=<br/><small>(Closed in June 2014)</small>|DEF=1.5|DEB=46.0|ERM=N|EXCR=-3.3|INT=2.21}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| DEN=
-{{Euro convergence criteria row|DEN|HICP=0.4|EDP=Y|EDPA=Y|EDPN=<br/><small>(Closed in June 2014)</small>|DEF=0.8|DEB=44.5|ERMY=1999|ERMM=1|ERMD=1|EXCR=-0.2|INT=1.78}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| HUN=
-{{Euro convergence criteria row|HUN|HICP=1.0|EDP=N|DEF=2.2|DEB=79.2|ERM=N|EXCR=-2.6|INT=5.80}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| LTU=
-{{Euro convergence criteria row|LTU|HICP=0.6|EDP=N|DEF=2.1|DEB=39.4|ERMY=2004|ERMM=6|ERMD=28|EXCR=0.0|INT=3.60}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| POL=
-{{Euro convergence criteria row|POL|HICP=0.6|EDP=Y|DEF=4.3|DEB=57.0|ERM=N|EXCR=-0.3|INT=4.19}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| ROU=
-{{Euro convergence criteria row|ROU|HICP=2.1|EDP=N|DEF=1.06|DEB=38.4|ERM=N|EXCR=0.9|INT=5.26}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| SWE=
-{{Euro convergence criteria row|SWE|HICP=0.3|EDP=N|DEF=1.1|DEB=40.6|ERM=N|EXCR=0.6|INT=2.24}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| GBR=
-{{Euro convergence criteria row|UK|HICP=2.2|EDP=Y|DEF=5.8|DEB=90.6|ERM=N|EXCR=-4.7|INT=2.25}}
-}}
-{{#ifeq: {{{1|FULL}}} |FULL|
-{{!}}- bgcolor="#ececec"
-{{!}} colspan="8" {{!}} <center>[[Future_enlargement_of_the_European_Union#Recognised_candidates|Candidates for EU membership]]</center>
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| ALB=
-{{Euro convergence criteria row|ALB|HICP=2.0|HICPN=<small> (2012)</small><ref name="IMF World Economic Outlook Database: October 2012">{{cite web|url=http://www.imf.org/external/pubs/ft/weo/2012/02/weodata/weorept.aspx?sy=2011&ey=2014&scsm=1&ssd=1&sort=country&ds=.&br=1&c=914%2C963%2C967&s=PCPIPCH%2CGGXCNL_NGDP%2CGGXWDN_NGDP%2CGGXWDG_NGDP&grp=0&a=&pr.x=31&pr.y=13 |title=World Economic Outlook Database, October 2012 |publisher=IMF| date=October 2012}}</ref>|EDP=NA|DEF=3.5|DEF2N=<ref name="IMF World Economic Outlook Database: October 2012"/>|DEB=63.8|DEBN=<ref name="IMF World Economic Outlook Database: October 2012"/>|ERM=N}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| ISL=
-{{Euro convergence criteria row|ISL|HICP=2.8|EDP=NA|DEF=1.7|DEF2N=<ref name="EC-winter-forecast 2013"/>|DEB=96.2|DEBN=<ref name="EC-winter-forecast 2013">{{cite web|title=European economic forecast - Winter 2013 |url=http://ec.europa.eu/economy_finance/publications/european_economy/2013/pdf/ee1_en.pdf|format=PDF|publisher=European Commission | date=22 February 2013 |accessdate=22 February 2013}}</ref>|ERM=N|INT=6.70|INTN=<small> (21.Aug-31.Mar 2013)</small><ref>[http://www.investing.com/rates-bonds/iceland-10-year-bond-yield-historical-data Iceland 10-Year Bond Yield - Historical Data]</ref>}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| MKD=
-{{Euro convergence criteria row|MKD|HICP=3.6|EDP=NA|HICPN=<ref>[http://www.stat.gov.mk/sdds/ConsumerPriceIndexSDDS.xls Macedonia's official 12m average CPI statistic (reflected by development of its monthly CPI index values as per 31 March 2013)]</ref> <!-- If you are interested to look up other economic stats for Macedonia this page can be recommended: http://www.stat.gov.mk/sdds/nsdpmon111.htm -->|DEF=3.8|DEF2N=<ref name="EC-winter-forecast 2013"/>|DEB=31.0|DEBN=<ref name="EC-winter-forecast 2013"/>|ERM=N}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| MNE=
-{{Euro convergence criteria row|MNE|HICP=4.1|EDP=NA|HICPN=<small> (2012)</small><ref name="EC-winter-forecast 2013"/>|DEF=4.0|DEF2N=<ref name="EC-winter-forecast 2013"/>|DEB=52.0|DEBN=<ref name="EC-winter-forecast 2013"/>|ERM=N|EXCR=NA|EXCRN={{refn|Montenegro has not had a currency of its own since it decided to abandon the use of [[Serbian Dinar]] in November 1999 and make the [[Deutsche Mark]] its de facto currency. When Germany yielded the Mark for the Euro on 1 January 2002, Montenegro unilaterally adopted the Euro as its currency. However, as they are not a member of the eurozone they do not have a seat at the ECB or the right to mint euro coins.  It's undecided whether Montenegro will be required to reintroduce its own currency to comply with the ERM II criteria for official euro adoption.<ref name="DW">{{citeweb|url=http://www.dw.de/montenegros-peculiar-path-to-eu-membership/a-16583842|title=Montenegro's peculiar path to EU membership|date=2013-02-07|accessdate=2013-02-19}}</ref>|group=nb}}}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| SRB=
-{{Euro convergence criteria row|SRB|HICP=7.3|EDP=NA|HICPN=<small> (2012)</small><ref name="EC-winter-forecast 2013"/>|DEF=6.4|DEF2N=<ref name="EC-winter-forecast 2013"/>|DEB=59.2|DEBN=<ref name="EC-winter-forecast 2013"/>|ERM=N}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| TUR=
-{{Euro convergence criteria row|TUR|HICP=7.9|EDP=NA|DEF=1.9|DEF2N=<ref name="EC-winter-forecast 2013"/>|DEB=36.3|DEBN=<ref name="EC-winter-forecast 2013"/>|ERM=N|INT=7.90|INTN=<ref>[http://www.investing.com/rates-bonds/turkey-10-year-bond-yield-historical-data Turkey 10-Year Bond Yield - Historical Data]</ref>}}
-}}
-{{#ifeq: {{{1|FULL}}} |FULL|
-{{!}}- bgcolor="#ececec"
-{{!}} colspan="8" {{!}} <center>[[Future_enlargement_of_the_European_Union#Applied_but_not_recognised_as_official_candidates|Potential candidates for EU membership]]</center>
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| BIH=
-{{Euro convergence criteria row|BIH|HICP=2.2|EDP=NA|HICPN=<small> (2012)</small><ref name="IMF World Economic Outlook Database: October 2012"/>|DEF=2.8|DEF2N=<ref name="IMF World Economic Outlook Database: October 2012"/>|DEB=43.7|DEBN=<ref name="IMF World Economic Outlook Database: October 2012"/>|ERM=N}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| KOS=
-{{Euro convergence criteria row|Kosovo|NOTE={{refn|{{Kosovo-note}}|group=nb}}|HICP=0.6|HICPN=<small> (2012)</small><ref name="IMF World Economic Outlook Database: October 2012"/>|EDP=NA|DEF=2.8|DEF2N=<ref name="IMF World Economic Outlook Database: October 2012"/>|DEB=17.6|DEBN=<small> (estimated)</small>{{refn|The debt level for Kosovo can currently only be estimated because no deal has been finalized to settle the Kosovo's share of the Serbian national debt.{{cn|date=January 2013}}|group=nb}}<ref name="Kosovo estimated gross debt">{{cite web|url=http://www.imf.org/external/pubs/ft/scr/2011/cr11210.pdf|title=IMF Country Report No.11/210 - Republic of Kosovo: 2011 Article IV Consultation and the Initiation of a Staff-Monitored Program|format=PDF|publisher=IMF|date=6 July 2011|accessdate=9 September 2012}}</ref>|ERM=N|EXCR=NA|EXCRN={{refn|The Republic of Kosovo adopted the [[Deutsche Mark]] in 1999 to replace the [[Serbian dinar]].<ref>{{citeweb|url=http://news.bbc.co.uk/2/hi/business/437844.stm|title=Kosovo adopts Deutschmark|date=1999-09-03|accessdate=2013-01-15|publisher=[[BBC News]]}}</ref> The euro is currently the official currency of Kosovo.{{cn|date=January 2013}}  However, as they are not a member of the eurozone they do not have a seat at the ECB or the right to mint euro coins.  It's undecided whether Kosovo will be required to reintroduce its own currency to comply with the ERM II criteria for official euro adoption.<ref name="DW">{{citeweb|url=http://www.dw.de/montenegros-peculiar-path-to-eu-membership/a-16583842|title=Montenegro's peculiar path to EU membership|date=2013-02-07|accessdate=2013-02-19}}</ref>|group=nb}}}}
-}}
-{{#switch: {{{1|FULL}}}
-| FULL
-| BOT=
-{{Euro convergence criteria bottom}}
-}}<noinclude>
-{{Template reference list}}
-{{documentation}}
-[[Category:Eurozone|τ]]
-</noinclude>