Bring them on
Look, if the Euro's want to place their countries under an immense bureaucracy that they have no electoral power over, then I say go right ahead. Once again we will learn the lesson that a large command economy is no match for a large free-market economy.
The bad news is that it can and will bring on a recession if the European economy goes in the tank.
The Good news is that it seems that one Margaret Thatcher is making a comeback, and seems has a chance to be elected Prime Minister again. The Iron Lady was always one of my favorite world leaders. The reason for her comeback is that she vehemently opposses the EU, which Blair is fighting to make the great state of Britain a part of.
Look I know that the Brits have terrible Gun Control policies. but they tend to do things like this in history, and once they have been sufficiently irratated, then they make a comeback.