Yes, democracy is on hold.
Germany will assist the people who want closer political, fiscal and monetary integration, together with the democratic right to vote for the EU parliament and president.
Expect changes next year.
The article below is correct, concrete plan & documents already in the EU parliament. Yes, PIGIS (and others) will have the opportunity to decide if they want to belong - or not.
Will Europe stay divided - that is the question for the people. Without popular support - Europe will never be united.
Merkel Says EU Must Forge Closer Union to Sway Bondholders
http://www.businessweek.com/news/2011-11-14/merkel-says-eu-must-forge-closer-union-to-sway-bondholders.html
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monti's forced agenda, page-9
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