Federal Euro-State Finance Ministry to be Spawned by Debt Crisis?

If as the following video states, a sovereign European Finance Ministry is formed which will have veto power over national budgets of European states such as Greece, Germany etc., states within the European Economic Community will lose ultimate control over the direction their countries' finances take. 

A central European Finance Ministry may sounds kind of New World Orderish in theme and conspiracy theorists might go so far as to say the European debt crisis was knowingly planned in order to consolidate the European central banks. This would mean debt was haphazardly issued, although the ECB would then face an inflation problem highlighted in the next video.

Both these videos highlight a problem facing the United States and Europe, namely debt. Both the Eurozone and the U.S. are losing market-share to global growth that favors developing countries. This means as the world's economic pie grows bigger, more of the increase is not going to the U.S. and Euro-Zone. Such being the case, foreign direct investment and investor capital flows toward the foreign growth areas such as China for profit leaving less collateral for debt financing which is reaching controversial levels.

This does not mean there is not enough wealth in the United States to arguably pay its debt according to Dan Alpert in The Big Picture. The debt is growing at a faster rate than some economies however. It is partly a cash-flow problem that has led to downgrades of U.S., Irish and Greek debt. In the case of the U.S. downgrade, Standard & Poor's is not saying the U.S. cannot pay its debt; rather it is questioning if it can do so flawlessly  as entitlement, and medicare spending grows among other things.