> It would be in the EU's interest to start an investigation
Unfortunately the EU's track record isn't very good in this regard[1].
> If the EU loses its perception as democratic
I can't speak for everyone but the EU is not a democratic institution (in terms of direct or participatory democracy) and some people understand this.
> chances are that the rich and populous democracies which funds it will be forced to stop doing so.
No, they're forced to fund it whether they want to or not. The entire Euro currency crisis persists because there is no organised or planned way for a country to leave the Euro. In any other situation the PIGGS would've left by now and could've inflated their way out. Instead the Eurozone countries in the north are stuck with the countries in the olive belt for better or worse and it's hurting all sides. Likewise, there is no documented and planned way for a country to leave the EU.
You are confusing the European Union with the Eurozone (the EU countries that use the Euro).
Withdrawal from the EU is a right of member states. However, withdrawal from the Eurozone wasn't envisioned or planned for and therefore there is no organized way to leave the Euro monetary zone (Eurozone).
EDIT: Not all EU countries use the Euro and therefore part of the Eurozone.
Unfortunately the EU's track record isn't very good in this regard[1].
> If the EU loses its perception as democratic
I can't speak for everyone but the EU is not a democratic institution (in terms of direct or participatory democracy) and some people understand this.
> chances are that the rich and populous democracies which funds it will be forced to stop doing so.
No, they're forced to fund it whether they want to or not. The entire Euro currency crisis persists because there is no organised or planned way for a country to leave the Euro. In any other situation the PIGGS would've left by now and could've inflated their way out. Instead the Eurozone countries in the north are stuck with the countries in the olive belt for better or worse and it's hurting all sides. Likewise, there is no documented and planned way for a country to leave the EU.
[1] - http://en.wikipedia.org/wiki/Marta_Andreasen#Concerns_over_E...