This report analyses the multifaceted concept of monetary and economic sovereignty for Italy in the context of its membership in the European Union and the Eurozone. It summarises the technical, legal and strategic measures needed for Italy to potentially regain aspects of such sovereignty, drawing on comparative models from other nations. The paper explores the implications of current regulatory frameworks, such as the role of seigniorage, the legal nature of bank deposits under Article 1834 of the Civil Code and the relationship between the Treasury and the Bank of Italy. It also delves into the strategic control of key sectors such as energy and telecommunications, the imperative of digital sovereignty and the potential establishment of a national sovereign fund, with particular reference to the Norwegian model. The analysis provides a comprehensive overview of the opportunities and constraints, with the aim of formulating a balanced and pragmatic operational proposal for the future Italian economic and monetary policy.
