So, with 24 teams in Euro 2016, I think it would be a failure not to qualify.
Here are the pots:
POT 1: Spain, Germany, Holland, Italy, England, Greece, Portugal, Russia, Bosnia
POT 2: Sweden, Ukraine, Croatia, Denmark, Switzerland, Belgium, Czech Rep., Hungary, Ireland
POT 3: Serbia, Turkey, Slovenia, Romania, Israel, Norway, Slovakia, Austria, Montenegro
POT 4: Armenia, Poland, Scotland, Finland, Latvia, Wales, Bulgaria, Estonia, Iceland
POT 5: Belarus, N. Ireland, Albania, Lithuania, Moldova, FYROM, Azerbaijan, Georgia, Cyprus
POT 6: Luxembourg, Kazakhstan, Liechtenstein, Faroe Island, Malta, Andorra, San Marino, Gibraltar
Top two from each group qualify directly, while third placed teams go into playoff. Again, since we are in the Pot 3, not getting at least into the playoffs, should be considered a huge failure, worth of sacking the coach.
For once, I'd like to see us get the group with teams that we never played before in the qualifiers. Something like these:
Too bad we can't get drawn against Austria, would love to kick their asses in the qualifiers for a change...