Problem
The Maastricht Treaty places strict requirements on government budgets and national debt. Why do you think the Maastricht Treaty called for fiscal discipline? If it is the central bank that is responsible for maintaining the fixed exchange rate, then why does fiscal discipline matter? How might this affect the gains/ losses for joining a currency union?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.