Maybe in the future other forms with more respect for property rights and individual liberties will become viable. I certainly hope so.
Well, that and a half-euro coin will get you a doughnut.
Ask, instead: Through what mechanism did the EU cause the economies in both Cyprus and Greece to be fucked up enough to need bailing out?
Through no mechanism at all because the mechanisms that caused this were implemented by national governments long before there ever was an EU. Mandatory deposit insurance, defective government oversight instead of strict market discipline, legal tender laws, fiat currencies, politically motivated accounting rules instead of market discipline and so on, and so on.
So, in a race to the bottom, tying all the parachutes together was a good idea... why?