The leaders of France and Germany issued an ultimatum to other European Union governments, saying members of the 27-nation bloc must unequivocally accept fiscal integration and such acceptance must be unanimous and unqualified and this acceptance must be given by the end of the week.
French President Nicolas Sarkozy and German Chancellor Angela Merkel said they will use an EU summit on Thursday and Friday to enshrine fiscal discipline into EU treaties, notwithstanding the views of the peoples of Europe.
Should some countries decide not to participate, the 17 members of the eurozone will forge ahead with a deeper integration of fewer member states with punitive measures taken against those doubting states.
"We will see whether it will be 17 or 27," Mr Sarkozy said during a joint news conference with Ms Merkel. "But we're going full steam ahead to re-establish confidence in the euro and the eurozone."
The Franco-German announcement came after months of turmoil in financial markets that has put eurozone policy makers under unprecedented pressure to produce a solution to end the sovereign debt crisis.
But we must ask what has happened to democracy?
The people of Europe never had and inputs into any of the treaties including the Maastricht Treaty and a referendum on the EU Constitution was denied in UK and other countries; however on 29 May 2005 the French public rejected the Constitution by margin of 55% to 45% on a turn out of 69% and just three days later the Dutch rejected the constitution by a margin of 61% to 39% on a turnout of 62%.
But the people got it wrong and the politicians pushed it through.

Fiscal integration effectively hands total economic control, including setting taxes and raising revenues, to unelected and faceless European bureaucrats, called "Commissioners".
These technocrats have thus far succeeded in overthrowing the governments of Greece and Italy and have installed technocrats as leaders and cabinet members.
Indeed, many are former bankers which should raise alarms since the demarkation between the roles of corrupt bankers and their political bed-partners is becoming increasingly blurred.
So was fiscal integration the ultimate goal and is fiscal integration the End Game?
Bankers created unprecedented debt throughout Europe and caused property prices to reach unprecedented heights.
Politicians opened borders and allowed a flood of immigrants to dilute any effective nationalist spirit to oppose the passive domination which will flow from fiscal integration?
These desperate measures will of course help France to avoid joining PIIGS and will give Germany the absolute control over the economy of 27 European countries.
Between the bankers and politicians, even our own politicians whose protests are reminiscent of the best "B" movie acting, we have been royally screwed.
But the greed and the lies and deceit can't continue forever. And when it comes, the bang will be even louder.
