It might, or it might not. I wouldn't be too sure when 90% of the member states are essentially broke. I mean, the whole stated point of the EU is to promote economic and social progress after all, so at the very least they aren't delivering on one of their promises.
Globalism is a cancer that needs to be squashed.
How versed politically are you on the EU or are you talking simply from an economist's point of view?
Netherlands,Poland,Sweden,Austria,Denmark,Czech Republic,Romania,Slovakia,Luxembourg,Slovenia,Bulgaria,Latvia, Lithuania,Cyprus,Estonia,Malta.
None of those countries are 'broke' as you put it. How do we define being broke, I'm assuming meaning defaulted in all but name, that would be Ireland,Portugal and Greece, soon to be Italy and Spain if the markets are correct. That's 18%, not 90%. If you're talking about debt as a percentage of GDP, what percentage? Growth? Again, most states are in positive growth. Deficits? Not too many deficits outside of the pigs.
Whatever measure you're using, you're overestimating the problem whilst being ignorant of the E.U. and it's stability as an institution. The fact that you quote Nigel Fag-rage who is a moron and in fact a hog at the Eu troth makes you seem more like a Fox News fan than a educated man.
You're seeing what you want to see, without fully understanding the political side. Not everything revolves around macroeconomics. I don't know wether your newly apparent nationalist tendencies have made you into a 'USA no 1' looking to jump on any opportunity to espouse your doctrine but in this instance you're wide of the mark

int:
We both live in Bankrupt countries, almost to the same % extent of GDP. I know why my country is the way it is, and it's got nothing to do with what you're saying, it's purely down to clientalism and miss-management. If you actually took the time to look at the Irish economy in any manner of depth you'd realise that it is structured differently from Portugal and Greece and our recovery will be multi-sectoral, although lead by manufacturing in all probability.
One thing I will say, Ireland being in the Euro is retarded, our largest trading partners are the US and UK, both non-euro countries.