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Re 1. Italy failed the original criteria but it was decided that a Euro could not happen without Italy for political reasons. The rules were redrawn. Greece got in after the new rules were bent. It goes beyond all that though. This article by Greg Palast outlines how the Euro was designed to 'fail' so the elites could benefit.
https://www.theguardian.com/commentisfree/2012/jun/26/robert-mundell-evil-genius-euro |
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When Germany let in millions of cheap labour, the public actually realised that those silly thing they read about but dismissed it may have some weight.
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