convergence criteria

Definitions

Economics

  • plural noun economic criteria, such as those in the Maastricht Treaty, which countries must satisfy to be able to join a monetary union

Politics

  • noun the economic rules set out in the Maastricht treaty (1993), which members of the European Union have to satisfy in order to move to the single European currency or euro
http://www.dictionarycentral.com/definition/convergence-criteria.html