However a higher tax rate on rich and more money for education. I like these ideas from Hollande.
Here is how the EU is going about this thing the wrong way:
While the Euro is great as a single overarching currency, it's still not present in all in EU countries to the point where every citizen uses it like the US dollar is used throughout all of the states. We still have this situation where you have some of the member countries using their own currencies but the prices are are basically based on the Euro and you end up with situations where you have "Easter Europ earnings, Western Europe prices".
I would also like to point out the inherent weakness of the EU as far as bankrupcy of its member states and how it affects everyone in the EU. For example, when California went pretty much bankrupt, I don't recall the entire US shaking in its knickers about it. Granted, there are only 27 countries as opposed to 50 states but I'll bet my bottom eurodollar that some of the financial mechanisms concering a centralized financial institution are similar in nature.
Also, you can't overcome centuries of sovereignty overnight.
TLDR: the EU is trying to become like the US and having a bad time at it.