... EU {European Union} is one of unbalance. The Maastricht Treaty envisaged the creation of a European Central Bank, ECB. It also laid down a set criteria for countries to fulfil before they could join the single currency. There were four key points that the main players of the treaty stressed were the vital characteristics that potential candidates must to be considered for entry. Price stability in effect this means controlled inflation. The perspective country must for at least one year have had an inflation rate no more than 1.5% above the average of a most the three best performers already existing within the Union. This is because a union such as the EU would require its members to be of similar economic importance. If a candidates inflation rate exceeded the 1.5% precedent set it would harm the way that the EU functions by putting pressure on the top performers to lower their ...

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