Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

If one follows that line of thinking in so far as fiscal and economic policy throughout the eurozone and the European Union is concerned and if the ECB opts out, what then is its function? What is the function of the ECB if the national central banks of the member states are the dominant bodies? Surely the member states' national central banks must feed into the European Central Bank in order to have the overall strategy and policy of all European countries moving generally, albeit not necessarily to the same extent, in the same direction.