[dragonwriter]

> 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.