It may have changed recently, but my understanding of it is that you are expected to aim to join the Euro but there is no set timescale.
The ECB summary seems to indicate that they would rather a country is in a stable, fit condition before adopting the Euro. (We probably have Greece circa 2008 to thank for that.)
You don’t understand correctly. There are a bunch of requirements which (were they not waived, which there’s a nonzero chance they might be) are little more than establishing aspirations - adopting the Euro is one of those.
If I understand correctly, they are countries that joined before adopting the euro was a prerequisite, which it now is.
It may have changed recently, but my understanding of it is that you are expected to aim to join the Euro but there is no set timescale.
The ECB summary seems to indicate that they would rather a country is in a stable, fit condition before adopting the Euro. (We probably have Greece circa 2008 to thank for that.)
You don’t understand correctly. There are a bunch of requirements which (were they not waived, which there’s a nonzero chance they might be) are little more than establishing aspirations - adopting the Euro is one of those.