This would make it difficult in the medium term for the ECB to implement the single monetary policy and possibly result in its being branded as a scapegoat for a macroeconomic policy which is perceived as inadequate.
Tas apgrūtinātu ECB īstenot vienotu monetāro politiku, un, iespējams, ECB kļūtu par grēkāzi sakarā ar neatbilstīgas makroekonomiskās politikas īstenošanu.