#1 it linked to #2. The theory was that with Maastricht criteria no member state should have even come close to default. But this doesn't work if you aren't abl

#1 it linked to #2. The theory was that with Maastricht criteria no member state should have even come close to default. But this doesn't work if you aren't able to effectively control the application of those criteria. By the way, I don't think that a fixed maximum deficit requirement, independent of the external conditions (eg the 2008 crisis...) is such a good idea. But at least during normal times it should have been applied.