Moreover, it must be borne in mind that the deficits are based on definitions that are not always fully consistent with those of the EU. Government debt in all the countries – with the exception of Bulgaria – is around 60% or less. The interest rate criterion requires an adjustment of the long-term nominal interest rates.
I would like to add that there is a general consensus that emerging economies – taking into account their growing influence and the size of their GDP and the contribution of their growth to global prosperity – should become more influential at the level of the global economic institutions. The G20 is taking more and more influence, which I welcome.