One way of looking at this milestone in Cyprus’ history is to think of its entry into Monetary Union as being similar to a marriage. The partners should first think carefully about it, consider the likely consequences and be aware that a marriage implies not only privileges, but also commitments and responsibilities.
The partners need to be prepared and ready to live together in good times and in bad times. In fact, entering Monetary Union is like a marriage without the option of separation or divorce. A country that joins Europe’s Monetary Union and those already in it becomes part of a “community with a common destiny”.