This paper is a case study of the Maltese macroeconomic
situation, within the context of Malta's accession negotiations with
the European Union. The Maastricht Convergence Criteria and
the Stability and Growth Pact relate to the Economic and Monetary
Union, but are considered as benchmarks for member states,
whether these form part of the EMU or not. Within this framework
this article assesses Malta's economic situation vis-a-vis convergence
with the European Union, taking into account both nominal
and real convergence. The Maastricht convergence criteria are
used for nominal convergence while Okun's discomfort index and
the EMU indicator devised by Gros and Thygesen are used to
analyse real convergence.peer-reviewe
