i meant that the Euro, as national currency of italy and greece, is "externally controlled", cannot be bent to the needs of those countries , but to the needs of germany. Eurozone is not the EU
The Eurozone is a subset of EU members; decisions about the governance of the Euro are made by the Euro-using subset of the European Council (the upper house of the EU legislature, representing member states directly). Germany has a voting share on the Council proportional to its population.
Germany's outsized influence came 25 years ago, when it had the dominant part in writing up the rules and powers of the ECB.
germany has outsize influence, whether it is by choice, and whether they like it or not. Their decisions have such effects as bank bail-ins and capital controls in other euro countries
