it's mutual responsibility - IT IS A UNION ;) Then Some Countries decided they can take ADVANTAGE over THEIRS NEW BETTER CREDIT RATINGS ! Like Greece, Spain, Portugal, Italy, etc. Who's fault is that ? It's AGAIN mutual responsibility, BUT if you seek for a fault - someone draw the money out and spend them Unwisely PERIOD
GL and I must note some of the things you say are so, but presented not very accurate.