One of the main causes of the currency crisis in the eurozone is that virtually all countries involved have breached their own self-imposed rules.
Under the convergence criteria adopted as part of economic and monetary union, government debt must not exceed 60% of GDP at the end of the fiscal year. Likewise, the annual government deficit must not exceed 3% of GDP. However, as the maps show, only two of the 16 eurozone countries - Luxembourg and Finland - have managed to stick to both rules. [mehr...]
