Quote Originally Posted by noel View Post
You're right there is little enthusiasm for a fiscal union among the member states, and am I right in saying it would take a unanimous decision? So is it scaremongering to say that the EU is moving towards a superstate? Or are there other moves afoot to which you leavers are against?
Germany and France are the main power players within the eurozone and at the moment they disagree on the best way forward. Come the next recession (which may not be far away) the need for political/fiscal union will probably become more acute. Failing that I think there is a good chance that the eurozone will break up. One possible solution might be for a small group of northern states led by Germany to break away and form their own currency zone. The value of the rump euro would inevitably fall bringing instant relief. This is better than countries like Italy or Greece reverting to their own currencies since their debts would still be denominated in euros and therefore be much higher as their own currencies devalued.

I was surprised by your assertion that it might be scaremongering to say that the EU is moving towards a superstate. The Commission makes no secret of it, it has been the stated intention of ever closer union since the days of the EU's founding fathers. So bit by bit the EU is inching towards that goal. The latest example is the calls for a European army.