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The lira left the ERM in September 1992.\9' The Portuguese escudo was devalued by 6 percent in November 1992 and by 6.5):' percent in May 1993.a;' The Spanish peseta was devalued by 5 percent in September 1992, by 6 percent in A<' November 1992, and by 8 percent in May 1993.>C' Table 3@D' Convergence Indicators: Inflation E^1990EEEEEE F'BelgiumFG.F FGF F F F  G'DenmarkG!GGGGGGGGG H'FranceHG$H(HHGHGHHG I'GermanyI#I/I<I0I#II J'GreeceJJJJEJJ J&J K'IrelandKK K#KK#K!K! L'ItalyLILGVLAL?LLLM'LuxembourgM-MG$M#M-MM M!N'NetherlandsNN(NNGNNN O'PortugalOO OE ObOO9O7 P'SpainPPNPPPFPG=PP7Q'United KingdomQQ\Q<QQ QG$QG) S'AustriaS&SS/S-SG$S S& T'FinlandTITFT5T/TTT! U'SwedenU U U UMU(UU&W'Convergence Criterion$Wgffffff@!$W@  $W@GG$W4333333@GG$W@ G$WDDDDDDD@G$W3333333@GX'Number meeting criterionXXXX XXXJZ'Notes: Prior to 1992, data for Germany is for western Germany only.T[' Data for 1994 are estimates, data for 1995 and 1996 are forecasts~\' Convergence criterion is based on data for the 12 member states prior to 1995 and the 15 states thereafter.Q]'SOURCE: European Economy, (November/December 1994, Supplement A, Table 10)2_' Table 47`'Convergence Indicators: Long-Term Interest Rates a^1990aaaa b'Belgiumb b b bZba c'DenmarkcE c c% cZcb d'Franced d&ddd e'Germanye e"ebeeGV f'GreecefJff%f f^n.a. g'Irelandg g ge gG`g%  h'Italyh6heh%h%hE i'Luxembourgi iE ibiGViPj'Netherlandsjj j% jPjk'PortugalkkkEk2k l'SpainlElll lE m'United Kingdommm me mmE  o'Austriao o oe oRoU p'FinlandpppEp p q'Swedenqq q q% q s'Convergence Criterion$sgffffff@E  $sDDDDDDD@   $sUUUUUUU@ % (s3333333@G`ZP$sݝ@E bt'Number meeting criterionttttt&v'Notes: 1994 data are estimates.Ww'Sources: European Economy, Number 58, 1994, Table 54, and OECD Economic Outlook,>x' Number 56, December 1994, Annex Table 35>{' Table 5?|' Convergence Indicators: Government Budget Balance }^1990}}}}}} ~'Belgium~~~G~~~G~~ l(? 'DenmarkG k(@~  'FranceGG 'Germany 'Greeceeeee 'Ireland 'ItalyeEEG'LuxembourgI% G'NetherlandsGGG'Portugal 'SpainGG'United KingdomG 'Austria 'FinlandCG 'Sweden4GeeǤ'Convergence Criterion'Number meeting criterion  ~'Notes: Prior to 1993 the data for Austria, Finland and Sweden are from the OECD and are not directly comparable to the 0' Maastricht deficit definition.R' Prior to 1991 the data for Germany are for western Germany only.Q' 1994 data are estimates. Data for 1995 and 1996 are forecasts.q'Sources: European Economy, Supplement A, Table 21, November/December 1994 and OECD Economic Outlook, #56, .' Table 29, December 1994.>' Table 6:' Convergence Indicators: Government Debt ^1990x'A 'Belgium̂@ffffff@̅@ffffff@@333333@x'B 'DenmarkJPVOax'DK 'FranceE,,1E9?BEx 'FIN 'Germany648%<fEJIx'FR 'GreeceEgkes@@@@x 'GER 'IrelandyExt%xhbx'GR 'Italyez~@3333333@fffffff@@@x 'IRL'LuxembourgCG= a E e x'I'Netherlandsbbcebbx 'LUX'PortugalTV%MSXYeZx 'NTH 'Spaine8e9E<J?ERRx'P'United Kingdom ^34.6*,Te<?AeBx'SP 'AustriaeF%G%FrtJL 'Finland3|XEdk 'Sweden7BWSEufffffff@n'Convergence Criterionxxxxxxx'Number meeting criterion   x'Notes: Data for Austria, Finland and Sweden are based on OECD calculations of general government gross financialk' liabilities. Data for all other countries based on Maastricht definition of public debt.R' Prior to 1991 the data for Germany are for western Germany only.U' Data for 1994 are estimates. Data for 1995 and 1996 are forecasts.T'Sources: European Economy, Supplement A, November/December 1994, Table 22 andV' OECD Economic Outlook, Number 56, December 1994, Annex Table 33.-W_  Arial MT Arial MT Arial MTTimesNewRomanPSTimesNewRomanPSTimesNewRomanPSTimesNewRomanPSSymbol    O=4!*I"WFM3FM3 PropertyWK3WK3 Property  N 5LN N5LM MCMHdrN