EU, Euro area, Europe, Other Publications, Maastricht criteria, Macroeconomics and macroeconomic policy

Criteria in Crisis

Despite backing the double majority principle, both Spain and Poland want higher thresholds for passing proposals to lessen the resulting weakening of their voting power. The pressure on them to compromise in coming weeks is likely to be intense, as the EU’s Irish presidency strives to finalise a constitutional text in time for the June 17-18 Brussels summit. They should stand their ground.