Or better yet, is it possible to order an item that is priced much more favorably in euros than in dollars? I just looked at some items in Euro pricing, and unless my google currency calculator is way off, the euro-denominated prices are much much better.
As an example, the Il Gergo shoes are all priced at $344 which I calculate as being around 270 EUR. But if you look at the same shoes with your shipping set to Italy, they're priced at 230 EUR ($292). Now the really odd thing is if you go to Il Gergo's website, the same shoe is priced at 210 EUR!
The real question is: Who would want that (gergo) crap at any price? Paying 200 EUR for them is borderline criminal.
As for buying in EU shipping to US; that is what Styleforum is for . Find a proxy and offer the same in return.