Monetary policy was centralized and entrusted to an independent central bank, while fiscal policy was left to the member states. National governments were made subject - under the excessive-deficit procedure - to the twin constraints that fiscal deficits should not exceed 3% of GDP and government debt should remain below 60% of GDP (or at least tend towards that value).
我再接着谈谈欧盟级别的宏观经济协调。《马斯特里赫特条约》设计了经济和货币联盟的简单政策框架。货币政策由独立央行负责集中托管，而财政政策仍由各成员国自己负责。各国政府要遵守额外赤字程序的规定，接受财政赤字不超过国内生产总值3%和政府债务不超过国内生产总值60%的双重束缚（至少也要向上述数字靠拢）。