> As an Italian I'm stoked that my country has given up sovereignty on money printing, it would've been a disaster otherwise as it has been for decades before.

My point is that sovereignty over issuing currency is synonymous with sovereignty in general.

What you're saying is that you're glad the government in Italy is more like a state, than a nation.

That's a fine point of view, but it implies that your country is incapable of self-governance. Do you think that's the case?

It should also be noted that I don't think there is any issue with economic federation, only that there is economic federation without political federation. As such, you have a monetary body whose power exceeds any political authority. However monetary policy can't truly operate in the absence of fiscal policy, so what you really have is a bank as your federal government.