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The euro was established by the provisions in the 1992 Maastricht Treaty. In order to participate in the currency, member states are meant to meet strict criteria such as a budget deficit of less than three per cent of their GDP, a debt ratio of less than sixty per cent of GDP, low inflation, and interest rates close to the EU average.
"People understand confusedly that there is a change [in the air]," he said. "But no government will satisfy the reactions of the people. They have the greatest reticence and cynicism against anybody who holds responsibility.