I see that a number of persons might consider it appropriate to take the ECB as a possible scapegoat and I think that is not the case at all.

For a small open economy such as Cyprus, the euro adoption provides protection against international financial turmoil, which often has a disproportionate effect on smaller economies.

The [EU] Council of Ministers will have far more power over the budgets of member states than the federal government in the United States has over the budget of Texas.

I see that a number of persons might consider it appropriate to take the ECB as a possible scapegoat and I think that is not the case at all.