I wonder why so few people in Europe realise that. Despite how bad the consequences are (eg. Greece). Luckily my country (Poland) still prints its own currency and manages its own monetary policy.
> I wonder why so few people in Europe realise that.
I don't think there's ever been any confusion that the adoption of the Euro limits member countries' domestic policy options; people in Europe may have differences of opinions about whether this is a good tradeoff for having a common currency and increasing Eurozone-level policy options, but I don't think many of them fail to realize that limiting local policy options is an effect of the Euro.
OTOH, there's a difference between an upward transfer to a higher-level government that is still accountable to your citizenry (even if their voice is diluted because it is a higher-level government with broader scope) and outsourcing monetary policy to an external issuer.
I don't think there's ever been any confusion that the adoption of the Euro limits member countries' domestic policy options; people in Europe may have differences of opinions about whether this is a good tradeoff for having a common currency and increasing Eurozone-level policy options, but I don't think many of them fail to realize that limiting local policy options is an effect of the Euro.
OTOH, there's a difference between an upward transfer to a higher-level government that is still accountable to your citizenry (even if their voice is diluted because it is a higher-level government with broader scope) and outsourcing monetary policy to an external issuer.